Ald. Bill Conway: Chicago’s debt is a slow-motion crisis. The clock is running out.
Debt service quietly crowds out everything else. Every dollar we owe is a dollar we cannot spend on the services Chicagoans rely upon.
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Ald. Bill Conway: Mayor Brandon Johnson’s plan to borrow $830M is reckless
The size and the schedule for an additional $830 million in debt are reckless and could be more responsibly structured by Mayor Brandon Johnson.
Ald. Bill Conway: There are many unknowns in mayor’s bond plan. A pilot would be more prudent.
Mayor Johnson's current bond proposal upends the decades-old TIF system to incentivize development and bets big on several questions to which we have no guaranteed answers.