Mayor Johnson tightens CPS language, stands pat on $830M infrastructure bond on eve of showdown vote – Chicago Sun-Times

The mayor’s offer to tighten the language governing bond proceeds earmarked for CPS would rule out use of those funds to make a disputed pension payment for non-teaching school employees or to help pay for a teachers’ contract still being negotiated. But last week the bond issue stalled amid warnings about a financing structure that saddles Chicago taxpayers with $2 billion in added costs.