Mayoral Allies Stall Measure that Would Make It Harder for City to Take on More Debt – Chicago Sun-Times

Mayoral allies stall measure that would make it harder for city to take on more debt – Chicago Sun-Times

Forty percent of Chicago’s operating budget is gobbled up by pension and debt payments — which is why opposition aldepersons want to make it tougher for Mayor Brandon Johnson or his successor to add to that mountain of debt.

Mayoral allies stall measure that would raise the bar on City Hall's ability to take on more debt

Retiring Ald. Marty Quinn (13th) is championing the reform. It would require 30 votes to authorize future borrowing. The current threshold is 26 votes.

Mayoral allies stall measure that would raise the bar on City Hall’s ability to take on more debt

Forty percent of Chicago’s operating budget is gobbled up by pension and debt payments — which is why opposition aldepersons want to make it tougher for Mayor Brandon Johnson or …