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.
3 Comments
Newest
Oldest Most Voted
Old Joe
1 year ago

Can the CPS really borrow money? From whom?

Call my shrink
1 year ago

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

MsT
1 year 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.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE