Mayoral allies stall measure that would make it harder for city to take on more debt
Chicago City Council allies of Mayor Brandon Johnson stalled a measure requiring a three-fifths majority for new city borrowing. The ordinance seeks to raise the voting threshold from 26 to 30 votes to manage city debt. Debt and pension payments currently account for 40% of Chicago's operating budget.
Forty percent of Chicago’s operating budget is gobbled up by pension and debt payments — which is why opposition aldepersons want to make it tougher for Mayor Brandon Johnson or his successor to add to that mountain of debt.But they'll have to wait awhile longer.Mayoral allies temporarily derailed an ordinance at Wednesday's City Council meeting that would require future borrowing to be approved by a three-fifths vote. That’s 30 votes instead of the current benchmark of 26.Retiring 13th Ward…
READ NEXT
More on the wire
FROM THE PUBLISHER
Trust me, you don’t want to be Alex Bregman right now.“I felt like I got hit by a baseball bat to the face, pretty much,” the Cubs’ third baseman said Wednesday, three days after he took a foul ball to the face while standing on deck during a game in Cincinnati.Bregman and the Cubs have said they’ve received relative “great news” since, in terms of a potential return, one that could come as soon as this weekend.But while that would be a boost to the Cubs’ chances as they approach the most…
FROM THE PUBLISHER
KANSAS CITY, Mo. — The Sean Newcomb fastball that Tigers infielder Hao-Yu Lee hit for a game-tying home run last Friday against the White Sox sizzled in at 96.7 mph.That’s frustrating, but also answers a question for a reliever who has already logged 86 innings on the year.“It’s not a stuff thing,” Newcomb told the Sun-Times.Instead, Newcomb attributes a 13.50 ERA to becoming too predictable. His four-seam fastball has been one of the best pitches in the sport, but Lee homered on the fifth…
FROM THE PUBLISHER
Bears coach Ben Johnson is in unchartered territory.He’s never called plays in a game in which he had to start a backup quarterback. In fact, Monday's game against the Eagles figures to be the first time in his play-calling career — three years with the Lions and two with the Bears — that he started a quarterback who wasn’t a former No. 1 overall pick.Whether that’s Case Keenum or Tyson Bagent, though, is another question altogether.“Not sure who the starter is going to be Monday night,”…