Press Detail

Chicago Schools Boost Borrowing Planned for Fiscal 2013

Posted on April 26, 2013

The Bond Buyer

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This article discusses Chicago Public Schools’ plan to increase the FY2013 capital budget by $364 million to help finance investments in schools absorbing students affected by school closures. The Civic Federation raised concerns about how a district with already significant financial challenges could afford a 231% increase in its capital budget.