Chicago Voters Reject Mansion Tax in Blow to Mayor Johnson
- Progressive mayor wanted to raise tax on $1 million plus sales
- Proponents said measure would have raised $100 million a year
Chicago voters rejected Mayor Brandon Johnson’s plan to increase taxes on real estate transactions of $1 million or more, dealing a blow to the first-term Democrat’s progressive agenda.
About 53% of voters opposed the referendum, according to the Chicago Board of Elections. The measure would have allowed the city council to increase transfer levies on upmarket residential and commercial property sales.