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'Bring Chicago Home' proposal aims to boost funding for homeless services. But a similar measure in LA slowed real estate sales

CHICAGO — Earlier this year, Los Angeles hiked a transfer tax imposed on pricey real estate purchases, a move designed to generate revenue to fund homeless services. The measure, which hits both commercial and residential properties, bears a striking resemblance to the “Bring Chicago Home” proposal up for a citywide vote next March, and has so far failed to fill Los Angeles coffers. Luxury . ....

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