Chicago has fewer limits on borrowing than any other big city – The Last Ward – Wirepoints

Chicago has fewer limits on borrowing than any other big city – The Last Ward – Wirepoints

Even if Mayor Brandon Johnson were to sign the ordinance recently passed by the City Council establishing a three-fifths threshold for new borrowing, Chicago would still be the only one of the 15 largest cities where politicians alone can approve a deal like this, with no voter approval and no limits on how it’s repaid.