The district plans to unveil its 2017 operating and capital budgets this week. CPS has said it will balance its operating budget with help from state measures that include the authority to generate $250 million in new property tax revenue.

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4 years ago

“Balancing their budget” where any component of that includes borrowing is not balanced. Also the capital projects are a ruse to make the borrowing legal. That capital money will still go to operating expense with long term notes. The bond markets just want the rates, everyone sees its a train wreck, but bond holders know they have constitutional protections in Illinois.