Chicago voters rejected an increase to the city’s transfer tax on high-value properties in a Tuesday referendum, The Associated Press said, leaving unfulfilled a longtime goal of Mayor Brandon Johnson and progressive Democrats who wanted to use new revenue to address homelessness in the country’s third-largest city.
The result came after days of counting ballots, including mail-in votes, that were not able to be reported on Election Day.
Real estate groups had warned that the new rates would have been a potentially catastrophic blow to the downtown office market, which was already losing value and struggling with vacancies.
The vote came at an uncertain political moment in Chicago, a Democrat-dominated city where homelessness has become more visible since the pandemic and an influx of migrants has strained resources. And the result raised questions about the strength of the city’s progressive movement, led by Mr. Johnson, which has become the dominant
