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Chicago City Council Defers Vote on $1.5 Billion Refinancing.
- Source :
- Bloomberg.com; 10/10/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The Chicago City Council has postponed a vote on Mayor Brandon Johnson's proposed $1.5 billion bond deal, which aims to address recent budget shortfalls. The bond proposal includes refinancing and a bond buyback process, with the city expecting to save $110 million based on current market conditions. The measure stipulates that the funds can only be used for cost-saving refinancing purposes, and the vote has been deferred to allow for further amendments to the ordinance. The item is expected to be voted on at the next council meeting. [Extracted from the article]
- Subjects :
- CITY councils
BONDS (Finance)
OPERATING costs
CITY council members
REFINANCING
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180198461