Abc7chicago
Illinoisans vote on 'millionaire tax' advisory referendum
S.Brown9 days ago
CHICAGO (WLS) - Illinoisans voted on the so called "millionaire tax" advisory referendum on Election Day 2024. ABC7 Chicago is now streaming 24/7.to watch The nonbinding measure calls for establishing an extra 3% tax on residents that have en income of more than $1 million. The idea is that extra money would be directed to property tax relief. As of 11 a.m. 60.2% of residents voted YES. The referendum is non-binding, meaning there will be no direct change as a result of the election. However, the General Assembly could decide to put a formal referendum on the ballot in the future. The referendum was supported by former Illinois Governor Pat Quinn.
Read the full article:https://abc7chicago.com/post/illinoisans-vote-millionaire-tax-advisory-referendum/15518125/
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