Allies of newly-elected Chicago Mayor Brandon Johnson are pushing for a $12 billion financial package that would raise taxes for certain residents in the city in an effort to “fund a just Chicago.'
Allies of newly-electedare pushing a $12 billion financial package that would raise taxes for certain residents in the city and divest from policing and surveillance.
"Restoring environmental health to these sacrifice zones through land use and zoning laws would help bring true safety to communities by repairing the harm caused by decades of environmental racism," it stated. According to the group,"new revenue from making the wealthy and corporations pay what they owe" would generateeach year while"savings from values-aligned spending priorities" would generate $5.1 billion a year.
The proposal further urged Johnson to"work to pass and sign the Bring Chicago Home Ordinance, which would increase the real estate transaction tax on transactions worth more than $1 million by 1.9 percentage points" and"freeze new tax-increment finance subsidies and return all TIF funds to Chicago’s taxing bodies.
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