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Michele Smith's avatar

Great column. The city has always done a bond like this , they are called General Onligation bonds. Very routine - which is why this idea is particularly bad. I don't recall such a backloaded structure - except scoop and toss, which the city under both Rahm and Lori, chipped away at until they were eliminated. Talk about going backwards.

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Art Mitchell's avatar

This is VERY helpful to understand the stakes of the upcoming vote, thank you.

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