IL Supreme Court denies appeal of counting votes for controversial Bring Chicago Home referendum

ABC7 Chicago Digital TeamWith a Chicago real estate transfer tax referendum on the 2024 election ballot, some are warning of the impacts of a similar proposal in Los Angeles.

On Wednesday, court documents show the Supreme Court allowed the consideration of the appeal to be expedited, but denied the appeal.Votes will now be counted for 'Bring Chicago Home' referendum on real estate transfer tax: court BOMA believes the Bring Chicago Home referendum, which it sued to block, may not provide the projected $100 million to address the homeless crisis. And it will have a negative impact on Chicago's already struggling commercial real estate market.If commercial real estate values go down, and with it, their property taxes, that burden could shift to condo and home owners and renters.

Source: Law Daily Report (lawdailyreport.net)

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