Vallas & Romeo -- "Mansion Tax" Talk Hits Fever Pitch

This coming March, the ballot box will see a vote on Bring Chicago Home, an ordinance to determine if taxes should be increased on the sale of high-end properties -- ranging from residences to office buildings, valued at $1 million or more -- in order to fund programs to battle the city's homelessness crisis. Today, host Jim Hanke speaks with guests on both sides of the issue: Former mayoral candidate Paul Vallas, currently an adviser with the Illinois Policy Institute, says that this tax would fall directly on commercial real estate owners who are already seeing declines in value, while Dixon Romeo (executive director of Not Me We, a grassroots community group in South Shore) advocates that the increase in taxes is minimal, and that this move could raise a projected $100 million annually to fund permanent supportive housing.

Visit Illinois Policy Institute | Visit Bring Chicago Home

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