Mayor Johnson plans to refinance debt to fix $85M budget hole

Source WBEZ
Original Load Date Aug. 25, 2026, 1:01 p.m.
Last Updated Aug. 25, 2026, 1:01 p.m.
Original URL https://www.wbez.org/city-hall/2026/08/25/mayor-brandon-johnson-refinance-debt-city-hall-budget-deficit

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Mayor Brandon Johnson says the city will refinance up to $525 million in debt to dig itself out of a now $85.1 million budget hole caused by a slew of so-far- fruitless revenue streams passed in the City Council’s spending plan. Johnson had repeatedly warned of a $130 million hole in the City Counc...