Press Detail

Emanuel borrowing carries steep price tag

Posted on March 14, 2014

Chicago Tribune

This article discusses an $883 million bond sale by the City of Chicago that will largely be used for debt refinancing and short-term expenses. The Civic Federation said a well-managed government would not be issuing debt to pay for its operating expenses and added that the refinancing practice known as “scoop and toss” increases the total cost of borrowing and the burden to taxpayers.