Chicago has long linked municipal bonds and social issues — with mixed results – The Bond Buyer
Chicago has for decades leapt into the fray on social issues, pursuing a liberal agenda, sometimes codifying disclosure requirements and bans in ordinance or resolution form that directly impact underwriting teams. Opinions vary as to the effectiveness of such measures and thereis a risk to damaging relationships in way that could impact borrowing costs.
Just a few sentences recently written by the Chicago Sun-Times on the recent CTU leadership election shed light on why education in Chicago’s public schools fails so miserably. It was a choice between more social justice activism vs. more pay and benefits. Student outcomes and welfare weren’t even part of the equation.