Reported 4 days ago
The Chicago City Council Finance Committee has approved a proposal to refinance $1.5 billion in bonds to help address budget deficits faced by the city. Mayor Brandon Johnson's ordinance aims to generate savings of up to $90 million this year and an additional $35 million next year, utilizing a mix of general obligation and sales-tax backed bonds. The proposal will next be presented to the full city council for approval ahead of the upcoming presidential election.
Source: YAHOO