US EditionMayor Brandon Johnson’s plan to borrow money to pay police settlements raises questions
The $283 million loan includes a $90 million settlement for nearly 200 wrongful conviction lawsuits and adds $42 million in interest, spreading police lawsuit payments over five years.
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Mayor Brandon Johnson’s plan to borrow money to pay police settlements raises questions
Mayor Brandon Johnson wants to take out $283 million in loans to pay for police settlements, but his plan has left aldermen wondering how a lot of the money will be spent. The borrowing proposal revives a practice past mayors discontinued and derided as financially reckless. While members of the City Council raise concerns and questions, Johnson’s team is defending the move as a way to finally clear a backlog of looming police misconduct lawsuit…
Mayor Brandon Johnson’s plan to borrow money to pay police settlements raises questions – Chicago Tribune*
Mayor Brandon Johnson wants to take out $283 million in loans to pay for police settlements, but his plan has left aldermen wondering how a lot of the money will be spent. “It’s really challenging for me to go to my community and say, ‘I think we should spend $42 million on interest payments alone for costs that we knew were coming,'" Ald. Matt Martin said.
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