Chicago's Big Money Move Hits a Snag

Chicago's Mayor, Brandon Johnson, has unveiled a bold plan to borrow a massive $3.8 billion by selling bonds. However, not everyone is in agreement with this ambitious move.

Alderman Bill Conway Pushes Back

Alderman Bill Conway, a former banker, is leading the opposition. He believes the proposed amount is too high and is advocating for a significant reduction.

The 2026 Budget Deadline Looms

With the city facing a critical deadline to pass its 2026 budget, the bond sale is a key component. However, Conway has raised serious concerns:

• Credit rating firms' opinions
• Rising borrowing costs

The Stakes Are High

This isn't just about numbers—it's about Chicago's future. If the city borrows too much, it could face:

• Struggles to repay the debt
• Higher taxes
• Cuts in essential services

The Finance Committee's Decision Ahead

The finance committee is set to discuss this pivotal issue soon. The outcome will have far-reaching consequences for all Chicago residents. The city must balance its books while avoiding further financial strain.