Chicago won’t release figures behind Lightfoot’s borrowing gamble – Crain’s

The figures Lightfoot’s office isn’t releasing despite six days of requests to do so deal with how much more taxpayers in the future will have to pay to in exchange for booking $501 million in anticipated savings in 2021—nearly half the $1.2 billion budget hole Lightfoot had to fill—plus $400 million for this year.
4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Juicy Smollier
5 years ago

Where is the money borrowed from?

Mike
5 years ago
Reply to  Juicy Smollier

Repay less bond debt now, more bond debt later.

Mike
5 years ago
Reply to  Mike

Pay less bond debt now, more bond debt later, by restructuring the bond deal, which depending on how that’s done could hike overall costs of the debt.

Poor Taxpayer
5 years ago

Junk, Junk, Junk.
DOA Chicago

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

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE