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Chicago Mayor Brandon Johnson Vetoes Bid to Raise Threshold for Issuing New City Debt

The measure would require 30 votes to issue city debt, and supporters say it would strengthen oversight as Chicago faces rising borrowing costs.

Summary by CBS News
Mayor Brandon Johnson on Friday vetoed an ordinance that would have made it more difficult for the city to borrow money​, by requiring a 30-vote supermajority from the City Council before issuing new debt.

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Chicago Tribune broke the news in Chicago, United States on Friday, October 9, 2026.
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