Latest Illinois Borrowing Has Upside, Watchdog SaysInterest on the latest loans to pay down bills is better than paying late-penalty fees, the leader of the Civic Federation says.
Analyst: CPS Has 'No Choice' But To Borrow $1B Amid Cash CrunchA top financial analyst said bond rating agencies probably won’t be troubled by the Chicago Board of Education’s vote to borrow more than $1 billion to help the Chicago Public Schools address a massive budget crunch in the coming year.
Emanuel Defends Move To Borrow $900 Million In the blink of an eye, the Chicago City Council today authorized nearly a billion dollars in borrowing and more and Mayor Emanuel is defending the move.
Budget Watchdog Surprised To Learn Daley Borrowed Millions To Run Millennium ParkThe Daley administration took out nearly $30 million in loans to run the park, from the year after it opened, until the former mayor left office.
City To Borrow Nearly $80M To Settle 1995 Firefighters' Exam LawsuitThe Emanuel administration said Tuesday it will essentially borrow money to compensate thousands of African-Americans who were passed over by the city’s firefighter entrance exam in 1995, which courts have ruled was discriminatory.
DuPage County Sheriff's Office Stuck Borrowing Radios For NATO SummitThe DuPage County Sheriff’s office is being criticized this morning for not preparing properly for the NATO Summit weekend.
Forest Preserve Plans To Borrow Money To Add Land, Upgrade FacilitiesCook County Forest Preserve officials expect to add more land this year, and also make repairs to some picnic enclosures.
State Treasurer Opposes More BorrowingIllinois State Treasurer Dan Rutherford said Sunday that the state's gargantuan debt has pushed Illinois to "the verge of a financial disaster."
Topinka: State Can't Keep BorrowingCritics say the State of Illinois is robbing Peter to pay Paul in its plans to borrow money to balance the state budget, and now, Comptroller Judy Baar Topinka is calling for major changes.
Quinn Wants To Borrow Billions, Consolidate School DistrictsWith an income tax hike already in effect, Gov. Pat Quinn has presented a budget plan that would not raise any new taxes or fees, but would still cut state aide to the poor, reduce a number of services and borrow billions of dollars to pay overdue bills.
Report: Quinn Wants To Borrow To Pay BillsPublished reports are describing what Gov. Pat Quinn will have to say in his budget message to be delivered Wednesday.
State Declines To Borrow For Human ServicesState lawmakers have declined to borrow more than $8 billion to catch-up on funding agencies that held the elderly, seniors, children and those with special needs.