Investors are demanding higher premiums to buy Chicago muni bonds as Mayor Brandon Johnson wades through a myriad of options to close a deficit that tops $1 billion for the year ahead.
This is about how bonds are trading in the secondary market, not new issues. But the change does indicated that the city would pay a similar penalty for a new issue.
Leaving Soon, just not soon enough
8 months ago
The City of Chicago bonds are nothing more than a Ponzi scheme.
Deb
8 months ago
How about closing his “committees” which employ all his friends.? Fire his wife. What does she do that warrants a salary? That would save a bundle of money.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
$1 billion dollar hole. Make some hard cuts because taxing the life out of your citizens is not the answer.
There is no way Brando has the brainpower to handle the city’s financial crisis.
When were these sold? Last ones I see on MuniOS were 6/27.
This is about how bonds are trading in the secondary market, not new issues. But the change does indicated that the city would pay a similar penalty for a new issue.
The City of Chicago bonds are nothing more than a Ponzi scheme.
How about closing his “committees” which employ all his friends.? Fire his wife. What does she do that warrants a salary? That would save a bundle of money.