City Will Refinance Debt to Fill $85.1M Budget Gap, Johnson Says

Source WTTW
Original Load Date Aug. 25, 2026, 3:02 p.m.
Last Updated Aug. 25, 2026, 3:02 p.m.
Original URL https://news.wttw.com/2026/08/25/city-will-refinance-debt-fill-851m-budget-gap-johnson-says

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Mayor Brandon Johnson said Tuesday that Chicago will refinance a chunk of its massive debt to fill a budget gap of $85.1 million after revenue baked into the city’s 2026 spending plan over his objection failed to materialize. Johnson, who neither signed nor vetoed the $16.6 billion 2026 spending pl...