Chicago's homelessness referendum is trailing
With 32 percent of the expected vote in, the Chicago referendum that would raise some transfer taxes on property over $1 million to pay for homelessness initiatives is losing 44 to 56 percent, according to the Associated Press. The referendum is supported by progressives like Mayor Brandon Johnson, who say that the measure is needed to reduce the rising cost of housing in the city. But it's opposed by those who are worried that the property market is still too fragile after the COVID-19 pandemic. The referendum would increase transfer taxes on properties over $1 million, while decreasing those same taxes on properties worth less than that. The increased revenue would be used to fund homelessness services in a city that has struggled to house all of its residents in recent years.
—Cooper Burton, 538