Chicago Council stalls mayor’s plan to borrow $1.25b

Mayor Brandon Johnson Cut the Tape — Mayor Brandon Johnson announced the “Cut The Tape” report on efforts to streamline the city’s development approval processes in early April. He has pitched to borrow $1.25 billion for housing and development projects, but has hit roadblocks.

Reset with Sasha-Ann Simons

City Council stalls Mayor Johnson’s plan to borrow $1.25 billion for housing

Plus, Johnson’s $70 million request to help feed, shelter, and care for migrants in Chicago is underway.

Mayor Brandon Johnson announced the “Cut The Tape” report on efforts to streamline the city’s development approval processes in early April. He has pitched to borrow $1.25 billion for housing and development projects, but has hit roadblocks.

Ashlee Rezin

By Ellie Gilbert-Bair

Voting on Mayor Brandon Johnson’s $1.25 billion bond plan was tabled after Ald. Bill Conway proposed major amendments. The Finance Committee is set to reconvene this Wednesday to vote on the proposal ahead of the full council meeting, where a vote on the mayor’s $70 million migrant funding request will also take place.

Reset gets a preview on the council’s upcoming agenda.

GUEST: Tessa Weinberg, WBEZ city government and politics reporter