Chicago Announcements October 02, 2024

The City Council Committee on Finance, which meets at 10 a.m. in council chambers, will consider an ordinance from Mayor Brandon Johnson to refinance $1.5 billion in city debt through the issuance of bonds using a sales tax securitization corporation set up in 2017. As reported by Crain's last week, the mayor hopes the move would help the city plug its anticipated $982 million budget gap for 2025.

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