Our Community Media - Uplift and Empower Local Stories and Local Action

TL/DR - Chicago voters have rejected a proposed increase to the city's transfer tax on high-value properties, a measure that Mayor Brandon Johnson and progressive Democrats hoped would generate revenue to address homelessness. The referendum sought to raise transfer taxes on properties selling for more than $1 million while lowering the rate on…

TL/DR - GLP-1 drugs, originally developed to treat type 2 diabetes, are increasingly being used as weight loss medication and have now received FDA approval for use to reduce the risk of adverse cardiovascular events. However, their high annual cost, upwards of $11,000, has raised concerns about the financial impact on Medicare, health insurers,…

TL/DR - The Internal Revenue Service (IRS) has issued Notice 2024-30, which expands certain rules for determining energy communities for production and investment tax credits. The IRS has also identified additional Metropolitan Statistical Areas (MSAs) and non-MSAs that meet the Fossil Fuel Employment threshold and qualify as energy communities…

TL/DR - The House of Representatives has passed a $1.2 trillion spending bill, aimed at funding the government through September and averting a partial shutdown. Passage came with a political cost for Speaker Mike Johnson, due to opposition from conservative Republicans who accused him of supporting legislation that would attack the American…