Chicago City Council Approves $830M Infrastructure Bond Plan After Intense Debate

The narrowly passed bond plan includes a controversial back-loaded repayment schedule, drawing criticism over long-term financial impacts.

The Chicago City Council approved Mayor Brandon Johnson's $830 million infrastructure bond plan in a tight 26-23 vote, with Johnson casting a tie-breaking vote to prevent a delay.
The bond plan features a back-loaded repayment structure, with principal payments deferred until 2045 and total costs estimated to reach $2 billion by 2055.
Critics, including aldermen and financial experts, warned the plan could harm the city's credit rating and burden future generations with excessive debt.
Supporters argued the funds are essential for addressing Chicago's deteriorating infrastructure, including roads, bridges, and lead service line replacements.
The contentious vote followed heated public comments and debate, with opponents proposing alternative plans for smaller bonds and expedited repayment schedules.