Mayor Brandon Johnson says banks still won’t bite on aldermen’s debt sale plan
- Posted on August 6, 2026
- By Chicago Tribune
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- 1 min read
In brief
Chicago's Mayor Brandon Johnson has raised fresh concerns about the feasibility of aldermen's proposed $1 billion municipal debt sale strategy. Despite multiple attempts to attract financial investors, the administration reports minimal market interest in the controversial plan. This development threatens to create significant budgetary gaps in Chicago's 2026 financial framework, forcing city officials to explore alternative revenue solutions and reassess their fiscal priorities moving forward.
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Mayor Brandon Johnson says banks still won’t bite on aldermen’s debt sale plan
Mayor Brandon Johnson’s administration again warned aldermen Thursday that their plan to sell $1 billion in city-owned debt isn’t finding any takers, leaving a hole in their 2026 budget package.
