Back-loaded repayment schedule for $830M bond issue adds $2B to borrowing costs, experts say – Chicago Sun-Times
Municipal Markets Analytics partner Matt Fabian acknowledged the city has a history of “back-loading” its debt: putting more principal at the end, thereby ballooning those late payments. But he argued Johnson’s plans is a “more extreme version” of that dubious structure. “Future taxpayers will be paying for improvements that current taxpayers benefit from. … It leaves future taxpayers to address the city’s current management failure to address its budget in a sustainable manner,” Fabian said.
A $7 billion plan to redevelop 55 acres around the United Center in the city’s west side Garfield Park neighborhood obtained the approval Tuesday of the Chicago City Council’s Committee on Zoning, Landmarks and Building Standards.
One email further explained: “Gov. Pritzker’s Chief of Staff Anne Caprera will host a call with the administration to discuss lock-in asks. The emails raise the question of how they sought to plant landmines and derail Trump this time: “What information did the Biden White House pass along to assist with this ‘GSD’ (‘Governors Sock-puppeting for Donors’) project; what were these ‘priority asks;’ were any privileges or obligations violated in doing so; was Susan Rice involved, again; and, of course, will there be any accountability this time?”
A dramatic collapse in illegal entrants begs the question: will Illinois drop from its 2026 budget any spending dedicated to welcoming “asylum seekers?” It’s an important question given that Gov. J.B. Pritzker will deliver his combined state and budget address on Feb. 19.