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Chicago Seeks to Borrow for Police Settlements, Revive Head Tax
Source: Bloomberg
Fiscal Policy & BudgetTax & TariffsCredit & Bond MarketsLegal & Litigation
Chicago Mayor Brandon Johnson’s proposed budget for next year renews the push for a per-employee business head tax and requests authority to sell millions of dollars in bonds. The bond proceeds would pay down settlements and judgments related to past police misconduct; the article provides no specific amounts.
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