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Mayor’s $1.25 Billion Borrowing City Growth Plan Raises Concerns Among City Council Members
Worries Arise Over Spending Transparency and Oversight in Economic Development Proposal
According to the Chicago Sun-Times, Mayor Brandon Johnson wants to borrow a lot of money, $1.25 billion, to help the city grow and make housing more affordable. But some people, like the city council members, are not sure if they should agree. They worry about the city growth plan how the money will be spent and if there will be enough oversight.
READ ALSO: 13 Affordable Housing Projects Aim To Bridge 120,000 Unit Gap With Tax Credits And Innovative Plans
$1.25 Billion City Growth Plan: Housing Affordability Debated – Council Seeks Clarity and Oversight! (PHOTO: The New Yorker)
Mixed Reception at First Public Meeting on Mayor’s Borrowing for City Growth Plan
At the first public meeting about the city growth plan, some groups in the housing industry said they like the city growth plan idea. They think it could help a lot of people. But the city council members are asking questions. They want to know exactly how the money will be used and if it’s a good idea. Even though some council members are not sure yet others think city growth plan could be a good thing for the city. But they want to make sure the city growth plan plan is clear and that everyone knows what’s going on. So, they need more information and discussion before they decide whether to approve it or not.
READ ALSO: $16M For Rural Ambulance Services & $45M For Child Tax Credit Pilot
