Chicago Mayor Brandon Johnson pitches more City Council say over projects funded by $1.25 billion borrowing plan – WBEZ (Chicago)

Alderpersons also renewed their urging for the city to commit to using revenue from expiring TIFs to pay down its growing debt. In 2024, paying off debt will make up about 17 percent of all city spending with pension contributions accounting for nearly 23 percent, according to an analysis by the Civic Federation.