Press Detail

City to Borrow Up to $3 Billion in 2016

Posted on January 07, 2016

WTTW 11

This article reports on the City of Chicago seeking to borrow up to $3 billion dollars in 2016 to fund a mix of capital, water, sewer and airport projects. Several hundred million of the borrowing funds will go to refinancing existing city debt. Laurence Msall, president of the Civic Federation remarked on the need for a detailed plan regarding how this will address the city’s financial crisis.