Press Detail

Chicago Reserves at Issue

Posted on August 19, 2008

The Bond Buyer

This article explores the ramifications of the City of Chicago tapping its reserves from the lease of the Chicago Skyway. The Civic Federation is quoted in opposition to such a move, saying it would be ill-advised to jeopardize the city's credit rating by drawing down the Skyway reserve. The Federation instead recommends Chicago cut personnel costs, which make up 80% of its corporate fund.