Chicago credit downgrading could be costly to taxpayers

Source NBC Local
Original Load Date Feb. 26, 2026, 8:01 p.m.
Last Updated Feb. 26, 2026, 8:01 p.m.
Original URL https://www.nbcchicago.com/news/local/chicago-credit-downgrading-could-be-costly-to-taxpayers/3900807/

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Political in-fighting between Chicago Mayor Brandon Johnson and Chicago City Council has contributed to a credit downgrade for the city. Fitch and Kroll both downgraded Chicago's credit one notch due to both the city's financial challenges and the contention that played out in the City Council at t...