Chicago Mayor Brandon Johnson vetoes bid to raise threshold for issuing new city debt

Source CBS Local
Original Load Date Oct. 9, 2026, 7 p.m.
Last Updated Oct. 9, 2026, 7 p.m.
Original URL https://www.cbsnews.com/chicago/news/mayor-brandon-johnson-veto-debt-threshold-ordinance-city-council/

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Mayor Brandon Johnson on Friday vetoed [ an ordinance that would have made it more difficult for the city to borrow money ][1] , by requiring a 30-vote supermajority from the City Council before issuing new debt. Aldermen approved the higher threshold for city debt by a 32-15 vote last week. Two a...