[Chicago Mayor Lori Lightfoot will ask the legislature] to help Chicago dig out of a $1 billion hole — by empowering the city to tax high-end professional services and raise the transfer tax on big-ticket home sales, City Hall sources said Monday.
The vacationing mayor plans to make those requests during a fall veto session, when she also will seek a Chicago-only casino gambling fix.
Lightfoot wants state authorization to tax high-end professional services and raise the real estate transfer tax on the sale of $1 million-plus homes. The mayor once earmarked that tax for homeless services and affordable housing.
Sources said the mayor is prepared to portray those two local taxes as the only alternative to a dreaded property tax increase she wants desperately to avoid after former Mayor Rahm Emanuel doubled the city’s levy.
[House Minority Leader Jim Durkin (R-Western Springs) said], "I just don’t see my caucus embracing either of those two concepts[".]
Kristen Cabanban, a spokesperson for the city’s Office of Budget and Management, had no immediate comment on the mayor’s impending request.
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