Chicago conference tells positive story to bond investors – The Bond Buyer

Among the other takeaways from the briefing: the city's dispute with Chicago Public Schools over a $175 million Municipal Employees' Annuity and Benefit Fund payment remains unresolved. Some City Council members are questioning the amount of tax increment financing surplus that goes to CPS in light of CPS' refusal to shoulder the MEABF payment.
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The Railroader
1 year ago

“…a transit policy presentation by Chicago Transit Authority officials acknowledged the need for a coordinated regional transportation system. But the presentation “really didn’t have any specifics” Howard Cure, partner and director of municipal bond research at Evercore Wealth Management, summed the obfuscation quite clearly. It is refreshing that he didn’t appear to buy this fraud of an argument. He questioned how the CTA will be able to function, given the loss of ridership. Mr. Cure can only plaster over the cracks in Chiago’s finances so much. He can’t deal in platitudes, or his reputation would go the way of the… Read more »

Where's Mine ???
1 year ago

Who’da thunk? ah lot of talk about new “equitable revenue streams” to assure potential bond buyers by city big wigs:

The administration is evaluating different revenue streams, she said.

“It is our goal to by June have determined which ones we think are the most feasible and appropriate, and that meet the administration’s goals to pursue going forward,” she said. “One of the things that we did talk about was a desire to have more equitable revenue streams.”

And ZERO talk about cuts as usual

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