{"id":2407315,"date":"2025-02-27T06:26:56","date_gmt":"2025-02-27T11:26:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chicago-city-council-approves-mayors-borrowing-plan-despite-objections-washington-examiner\/"},"modified":"2025-02-27T06:29:08","modified_gmt":"2025-02-27T11:29:08","slug":"chicago-city-council-approves-mayors-borrowing-plan-despite-objections-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chicago-city-council-approves-mayors-borrowing-plan-despite-objections-washington-examiner\/","title":{"rendered":"Chicago city council approves mayor\u2019s borrowing plan despite objections &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchicago-city-council-approves-mayors-borrowing-plan-despite-objections-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2407315&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Chicago City Council has approved Mayor Brandon johnson&#8217;s $830 million bond issue aimed at capital projects, despite \u200bobjections from some aldermen and residents. The plan\u200c passed with a narrow \u200bvote of 26 too 23. Supporters, including\u200d vice Mayor Walter Burnett Jr., argued that delaying investments coudl lead to further deterioration of city infrastructure, such \u200das increasing potholes and unsafe buildings. However, \u200bdissenting voices like Alderman Anthony Beale raised concerns about the\u200c <a href=\"https:\/\/amzn.to\/3YuVZYV\">long-term financial \u2064implications<\/a>, noting that the bond has no principal payments for two \u2063years\u2064 and a large balloon payment thereafter.<\/p>\n<p>Mayor Johnson \u2062defended the\u2064 decision, emphasizing \u200bhis commitment to investing in the community\u2064 and creating jobs for city residents. The \u2062council meeting featured public criticism,\u2063 with\u200b residents expressing dissatisfaction with the bond\u2064 and the city\u2019s \u2064sanctuary policies. Some called for fiscal alternatives, suggesting the mayor should consider other funding proposals. A motion to\u2063 postpone the bond vote was deadlocked, ultimately allowing the borrowing to proceed. \u200bThe next city council meeting is set for\u200d March 12.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Chicago city council approves mayor&rsquo;s borrowing plan despite objections<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2021784\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; Chicago&rsquo;s city council has approved Mayor Brandon Johnson&rsquo;s $830 million bond issue.<\/p>\n<div class=\"article-paywall\">\n<p>By a vote of 26 to 23, aldermen said &ldquo;yes&rdquo; to the mayor&rsquo;s plan to borrow the money for capital projects.<\/p>\n<p>Alderman and Vice Mayor Walter Burnett Jr. warned of dire consequences if the bond deal didn&rsquo;t pass.<\/p>\n<p>&ldquo;Putting off these investments will only cost more in the long term. Potholes will grow bigger, vacant buildings will catch on fire, light poles will fall and bridges could deteriorate beyond repair,&rdquo; Burnett said.<\/p>\n<p>Alderman Anthony Beale voted against the latest round of borrowing.<\/p>\n<p>&ldquo;The fact that we are not paying on this bond for two years, until after the next election, poses a problem. The fact that we&rsquo;re not paying on principal for 20 years and having a huge balloon payment is a problem,&rdquo; Beale said.<\/p>\n<p>After the vote, Johnson released a statement.<\/p>\n<p>&ldquo;I made a promise to invest in people and this bond takes us another step forward. We need to put our people to work rebuilding our city. Today, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hundreds-of-minneapolis-police-officers-left-after-getting-slammed-now-city-spending-millions-for-new-recruits\/\" title=\"Hundreds Of Minneapolis Police Officers Left After Getting Slammed. Now City Spending Millions For New Recruits.\">city council voted<\/a> for critical investment into our communities that will be felt for generations to come. We will always prioritize the needs of everyday Chicagoans over politics,&rdquo;&nbsp;Johnson stated.<\/p>\n<p>Before aldermen debated and the city council voted, several Chicago residents gave city leaders an earful of criticism over the latest round of borrowing and other issues.<\/p>\n<p>Mario Phillips spoke during the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-canvassers-rescind-their-votes-to-certify-wayne-county-michigan-results\/\" title=\"Republican Canvassers Rescind Their ...s to Certify Wayne County, Michigan, Results\">public comment period<\/a> and expressed his opposition to the bond issue. Phillips suggested that the mayor accept a potential deal from the U.S. Department of Government Efficiency.<\/p>\n<p>&ldquo;If they would propose to you, &lsquo;We&rsquo;ll give you $20 billion to rescind the sanctuary city status,&rsquo; would you rescind it? Because $20 billion can be used a lot,&rdquo; Phillips said.<\/p>\n<p>Chicago resident Osiris King wore a &ldquo;Make America Great Again&rdquo; helmet and said Black people are against illegal immigration.<\/p>\n<p>&ldquo;Do not forget that we in Chicago do not <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sanctuary-city-nyc-gives-up-ships-illegal-aliens-to-canada\/\" title=\"Sanctuary City NYC Gives Up, Ships Illegal Aliens to Canada\">support sanctuary cities<\/a>, especially the people who live on the South and West Side who had our schools turned into migrant shelters. And for all the people who are mad about [President Donald Trump] getting rid of [diversity, equity and inclusion] and critical race theory, those things were racist. You cannot fight past discrimination with future discrimination,&rdquo; King said.<\/p>\n<p>Alderman Brendan Reilly moved to postpone voting on the bond issue until May. The council vote deadlocked on Reilly&rsquo;s motion, 25-25, and Mayor Johnson&rsquo;s tie-breaking vote prevented the bond issue from being delayed.<\/p>\n<p>The next city council meeting is scheduled for March 12.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2021784\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2021784\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago council backs mayor&#8217;s $830M bond plan despite dissent<\/p>\n","protected":false},"author":1,"featured_media":2407316,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/chicago-skyline.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[51204,4387,33772,4602],"class_list":["post-2407315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-borrowing-plan","tag-chicago","tag-city-council","tag-mayor"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/chicago-skyline.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2407315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2407315"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2407315\/revisions"}],"predecessor-version":[{"id":2407319,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2407315\/revisions\/2407319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2407316"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2407315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2407315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2407315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}