Chicago Mayor’s ‘Mansion Tax’ Back on Ballot After Court Ruling

A contentious measure proposed by Chicago Mayor Brandon Johnson to increase taxes on real estate transactions of $1 million or more is officially back on the March 19 ballot.

The Appellate Court of Illinois on Wednesday vacated an earlier judgment by Cook County Judge Kathleen Burke that had struck down the measure.

The lawsuit challenging Johnson’s plan was brought by the local chapter of the Building Owners and Managers Association, which said the ballot question was misleading. The proposal now heading to voters would decrease one-time real estate transfer taxes on transactions under $1 million and increase them on sales ...