Chicago-area residents would be able to invest in bonds to pay for $500,000 of ward-level projects that locals would vote on, under a plan an alderman envisions helping increase local involvement in how public money gets spent.
Northwest Side Ald. Gilbert Villegas, 36th, says “It could be like participatory budgeting, where residents attend a meeting with their alderman to discuss different possible projects — say a playground, street repaving or a baseball field for a school — and then they vote online on which one they want to fund.”