Mayoral candidate Brandon Johnson seeks to triple the real estate transfer tax on real estate valued at $1 million or more. That would include apartment complexes. In Los Angeles, a similar tax has hurt housing.

Illinoisans bet more than $275 million on March Madness in 2022, with the state netting more than $2 million in tax revenue. Revenue totals for sports betting in 2022 were the second highest in the nation behind New York.

Brandon Johnson’s mayoral campaign still states his six new taxes on “the suburbs, airlines and ultra-rich” would generate $800 million, even after he dropped his Metra tax. But the math is fuzzy, especially his claim $800 million can become $2 billion.