Chicago Schools Plan First Bond Sale After Divisive Budget Vote

Chicago’s junk-rated public school district intends to sell an undisclosed amount of bonds next week for capital projects, laying out its first plans for new debt days after the board passed a controversial budget.

The Chicago Board of Education “is considering the issuance” of general obligation, tax-exempt bonds for capital improvements the week of Sept. 9, according to a filing on Tuesday. It may change the financing plan including the timing, size and structure of the sale or the use of proceeds based upon market conditions, the district said in the filing.

Read more: Chicago School Board Passes $10 Billion ...