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Mayor Brandon Johnson pushes plan to borrow $1.25 billion for housing, development and climate goals

To stave off a “significant shrinkage” in the city’s available pool of money, Mayor Brandon Johnson’s administration Wednesday rolled out a new $1.25 billion borrowing plan to help fund a slate of progressive housing and economic development initiatives, funded in part by winding down reliance on special taxing districts, or TIFs. Johnson’s plan would require City Council approval, but, if . ....

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Chicago Mayor Brandon Johnson pushes plan to borrow $1.25 billion for housing, development and climate goals

CHICAGO — To stave off a “significant shrinkage” in the city’s available pool of money, Mayor Brandon Johnson’s administration Wednesday rolled out a new $1.25 billion borrowing plan to help fund a slate of progressive housing and economic development initiatives, funded in part by winding down reliance on special taxing districts, or TIFs. Johnson’s plan would require City Council approval, . ....

West Town , United States , Chicago River , Cook County , Brandon Johnson , Quintin Primo , Lori Lightfoot , Jamesr Thompson Center , Capri Investment Group , City Council On , Civic Federation , Sales Tax Securitization Corporation , City Council , Neighborhood Opportunity Fund , Mayor Brandon Johnson , Mayor Lori , Chicago Public Schools , Park District , Rules Committee , Central West , River West , Sales Tax Securitization , Affordable Requirements Ordinance , Lasalle Street Reimagined , Property Tax , Mayor Lori Lightfoot ,