Chicago Schools’ Bond Penalty Widens as $734 Million Gap Looms – Bloomberg

Municipal investors are starting to demand a bigger premium on the debt of Chicago’s junk-rated, cash-strapped school district, which must figure out how to close a $734 million deficit before the end of this month.
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Old Joe
9 months ago

Can the CPS really borrow money? From whom?

Call my shrink
9 months ago

Surprised they haven’t called National Debt Relief. All other options have failed

MsT
9 months ago

Gentle Bond Purchasers: Kindly refrain from purchasing any CPS debt until they close underutilized schools and 40% of the students can read at grade level. Your interest income cannot possibly be enough to justify supporting an organization which fails at its primary purpose, education of children. If children are indeed our future, direct your resources elsewhere.

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