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Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

by Phil Hall | Nov 8, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

An effort is underway to force a special meeting of Chicago’s City Council to reject Mayor Brandon Johnson’s proposed $300 million property tax increase to fill the municipal’s budget gap. The Chicago Sun-Times reports 29 alderpersons co-signed a call for a special...
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

Report: Chicago Mayor Johnson to Propose Property Tax Hike to Fix Budget Gap

by Phil Hall | Oct 29, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson is reportedly planning a major policy switch with a proposal to raise property taxes as a strategy to address the city’s budget problems. The Chicago Tribune, citing input from three unnamed alderman, said officials in Johnson’s...
Hits and Misses for the Real Estate Week of July 15-19

Hits and Misses for the Real Estate Week of July 15-19

by Phil Hall | Jul 19, 2024 | Current News & Events, Hits and Misses, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A presidential plea for rent control, California realtors under a Justice Department magnifying glass and an unlikely viral video hit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 15-19. Miss: Biden’s Rent Control...
Hits and Misses for the Real Estate Week of March 18-22

Hits and Misses for the Real Estate Week of March 18-22

by Phil Hall | Mar 22, 2024 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Attacks on realtors by the Wall Street Journal and President Biden, a pair of unusual HUD endeavors and Chicago voters rejecting the “mansion tax.” From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 18-22....
Chicago Voters Reject ‘Mansion Tax’ Referendum

Chicago Voters Reject ‘Mansion Tax’ Referendum

by Phil Hall | Mar 20, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Chicago voters rejected the referendum on the so-called “mansion tax” designed to increase the real estate transfer tax on residential and commercial properties sold for $1 million and higher. The Associated Press, citing a 98% return on ballots, reported the...
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