Chicago Politics

Issuance of general obligation bonds to finance improvements to public rights-of-way, infrastructure and transportation, loans and grants, acquisition of property, construction and maintenance of public buildings, economic programs, lead service line replacements, as amended

Roll call: Passed Feb 26, 2025

26 yea, 23 nay. This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Feb 26, 2025.

Nay (23): Brian Hopkins (2), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Marty Quinn (13), Raymond A. Lopez (15), Derrick G. Curtis (18), Matthew J. O'Shea (19), Silvana Tabares (23), Monique L. Scott (24), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), William Conway (34), Gilbert Villegas (36), Nicholas Sposato (38), Samantha Nugent (39), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Debra L. Silverstein (50)

Yea (22): Daniel La Spata (1), Pat Dowell (3), Lamont J. Robinson (4), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Julia M. Ramirez (12), Stephanie D. Coleman (16), David H. Moore (17), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Emma Mitts (37), Andre Vasquez Jr. (40), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49)

Not voting (1): Desmon C. Yancy (5)

Former members who voted: Jeylu B. Gutierrez (Yea), Byron Sigcho-Lopez (Yea), Carlos Ramirez-Rosa (Yea), Rossana Rodriguez Sanchez (Yea)

Plain-language summary

Written by AI (@cf/openai/gpt-oss-120b) from the ordinance text only: SO2025-0014841.pdf. AI can make mistakes; the official document always wins.

The City of Chicago can sell up to $830 million in general-obligation bonds to pay for street, sidewalk, lighting, infrastructure, transportation, property, building and lead-pipe projects, as well as loans and grants. The bonds may be taxable or tax-exempt, carry interest up to 12 % and be paid back over 40 years. The city can also redeem the bonds early, paying up to 120 % of the principal or a market-based “make-whole” price.

Money

Who: Chicago residents, businesses, non-profits, schools, and other entities that receive the funded improvements, loans, grants, or property acquisitions.

Timeline

Documents