That's a Helluva Kick

If the Bears could sign someone who kicks a ball like the City Council is attempting to kick this can, they might actually be contenders again:

• Mayor Brandon Johnson’s plan to borrow $1.25 billion to bankroll economic development and affordable housing projects is back on track for City Council approval, but not without a bit of a fight.

  The Rules Committee on Tuesday sent the mayor’s ordinance to the Finance Committee, where it would have been assigned originally if Ald. Anthony Beale (9th) hadn’t slowed it down. The vote was 29-7, with Ald. Bill Conway (34th) leading the charge against the legislative reroute.

And why is Conway objecting to this borrowing plan?

• “The bond ordinance is set to issue $250 million of debt for each of the next five years. … It’s going to require significant oversight. Tanking or derailing my ordinance indicates that, on some level, the mayor’s office is fighting government oversight,” Conway told the Sun-Times.
• Although the city plans to borrow $1.25 billion, interest would cost the city $2.4 billion over 37 years. Top mayoral aides have insisted that money would be more than recouped by property tax revenues that would flow back into the city’s coffers from expiring TIF districts.
  

Thirty-seven years? 

Almost every single aldercreature who votes for this will be dead and buried by the time this is paid off. They won't have to live with the eventual consequences....and that's the attraction to these budgeting inanities. 

When there aren't any consequences, a whole new set of circumstances influences the vote. Like, "How much can I steal for my children, nieces, nephews and grandchildren to make sure they move out of Chicago as it collapses and burns to the ground?"

There's a reason these a$$holes leave office as multimillionaires. Just look at Congress.