Mayor Brandon Johnson’s plan to refinance a chunk of the city’s massive debt to fill a budget gap of $85.1 million generated just half of what he and his top financial advisers promised Chicagoans, records show. to.wttw.com/4B2KAks
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Johnson’s Debt Refinancing Plan Results in Just Half of What He Promised, Forcing Officials to Scramble to Fill Budget Gap
Mayor Brandon Johnson said the city would refinance bonds backed by the city’s sales tax revenues that are at least 10 years old to generate between $65 million and $71 million. But that refinancing g...