Chicago’s city council has approved Mayor Brandon Johnson’s $830 million bond issue. By a vote of 26 to 23, aldermen said “yes” to the mayor’s plan to borrow the money for capital projects. Alderman and Vice Mayor Walter Burnett Jr.

Aldermen approved the plan in a 26-23 vote a day after Mayor Brandon Johnson’s administration proposed a version with clearer spending guardrails.

The City Council narrowly approved Mayor Brandon Johnson's controversial $830 million bond deal to finance neighborhood infrastructure improvements, despite complaints that a back-loaded repayment schedule would inflate the total cost to $2 billion by the time all of the debt is paid off.