Expert: Chicago Likely Pays More To Borrow Than Other Cities
By Dan WeissmannExpert: Chicago Likely Pays More To Borrow Than Other Cities
By Dan Weissmann
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The city of Chicago is getting ready to borrow more than $1 billion on the bond market. Experts say Chicago is likely to pay more than most other cities would. Even after raising taxes last year, Chicago still has billions of dollars in debt from unfunded pensions.