City Council raises debt threshold, sets stage for potential fourth veto from Mayor Johnson
The Chicago City Council voted 32-15 to increase the voting threshold for future borrowing to three-fifths, aiming to limit city debt. The move sets up a potential veto from Mayor Brandon Johnson, as the council fell short of the votes needed to override him.
A defiant City Council tried Tuesday to wean Chicago off its historic addiction to debt, setting the stage for a potential fourth veto from Mayor Brandon Johnson.By a 32-15 vote, the Council agreed to require future borrowing to be approved by a three-fifths vote. That’s 30 votes instead of the current threshold of 26 votes.But the Council's support of the reform championed by retiring 13th Ward Ald. Marty Quinn fell short of the 34 votes that would be required to override a mayoral veto. That…
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