Chicago plans to return to the bond market in force over the next year to tap a portion of $4.66 billion of existing borrowing authority and $4.4 billion of newly requested capacity in a mix of new money and refunding deals under its general obligation, securitization, and revenue-backed credits.
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.
I don’t really understand most of the bond gibberish. If it’s something the city is salivating over, I’m suspicious!