Takeaways by Bloomberg AI
- Chicago Public Schools’ Chief Financial Officer Miroslava Mejia Krug argues that more borrowing is a bad idea for the district.
- Krug says including an additional $200 million loan in the budget will result in an immediate hit to the District’s credit rating and increase the cost of borrowing.
- The district is trying to close a $734 million budget hole, while the city is facing a roughly $1 billion hole, and the board of education is scheduled to vote on a budget.
Bloomberg Markets
By Shruti Singh
August 27, 2025