Chicago's Intricate School Debt Restructuring Nets the Board $34M in Savings

Shields, Yvette
April 2004
Bond Buyer;4/29/2004, Vol. 348 Issue 31873, p30
Trade Publication
Reports on the multi-layered restructuring of the Chicago School Finance Authority's outstanding debt. Total amount raised for the Chicago Board of Education's capital program; Budget problems of the school system; Outline of the restructuring program.


Related Articles

  • D.C.'s bond restructuring. Resnick, Amy B. // Bond Buyer;03/16/99, Vol. 327 Issue 30599, p1 

    Reports on Washington, D.C.'s fiscal 2000 budget that includes plans to save $50 million a year by restructuring the district's outstanding debt while cutting taxes and selling bonds backed by anticipated tobacco settlement money. Capital budget's proposal to issue long-term general obligation...

  • ILLINOIS: ISAC Closes $1B Sale. Shields, Yvette // Bond Buyer;9/5/2007, Vol. 361 Issue 32706, p9 

    The article reports on the announcement of Illinois Student Assistance Commission (ISAC) that it had closed on the sale of $1.03 billion to its student loan portfolio to National Education Servicing LLC in Illinois. ISAC will use proceeds of the sale, plus additional revenues, to retire about...

  • California Shows Deficits Need Not Imperil Debt Service. Rosenstiel, Paul // Bond Buyer;7/26/2010, Vol. 373 Issue 33355, p31 

    In this article the author discusses the success of California in managing budget deficits from 2009-2010. He notes that the state's management of budget deficits shows how their potential impact on debt service can be prevented. He emphasizes that such success increased the state's cash...

  • Corzine Gives 'Calm' N.J. Budget. Kaske, Michelle // Bond Buyer;2/23/2007, Vol. 359 Issue 32574, p1 

    The article reports on the budget address of New Jersey Gov. Jon Corzine in 2007. He announced that he will present a $33.29 billion preliminary budget for fiscal 2008 to the Legislature. Corzine also mentioned the issue of asset monetization and the need for the state to find ways to generate...

  • Balancing Act Grows Difficult As N.Y.C Budget Negotiations Near.  // Bond Buyer;3/24/2005, Vol. 351 Issue 32097, p40 

    The article reports that New York City faces a difficult balancing act as officials prepare for budget negotiations in April 2005, mindful of the rising cost of debt service and the need to make massive infrastructure improvements. Under the 10-year capital plan unveiled by Mayor Michael R....

  • Vallejo's Bankruptcy Budget. Ward, Andrew // Bond Buyer;6/13/2008, Vol. 364 Issue 32899, p9 

    The article reports on the decision of the city of Vallejo, California to renege on promised pay increases for city workers in order to continue making full debt service payments under a fiscal 2008-2009 budget proposed by city manager Joseph Tanner. City officials proposed a $78.7 million...

  • Budget Impasse Hits $600 Million Kentucky Trans Deal. DeSue, Tedra // Bond Buyer;6/21/2002, Vol. 340 Issue 31413, p5 

    Reports the failure to issue tax revenue anticipation notes due to budget deficit in Kentucky. Concerns of lawmakers on debt deals; Use of revenues to pay existing trans deals; Provision of budget to ensure debt service payments.

  • Syria.  // MEED: Middle East Economic Digest;1/14/2000, Vol. 44 Issue 2, p24 

    Reports on financial developments concerning Syria as of January 14, 2000. Budget presented by Finance Minister Khaled al-Mahayni to the People's Assembly on December 29, 1999; Scheduled talks between German and Damascus officials on the settlement of debt service arrears of the Syrian government.

  • CALIFORNIA: LAO: Crisis to Worsen. Ward, Andrew // Bond Buyer;1/16/2009, Vol. 367 Issue 33043, p9 

    The article reports on the announcement of California Legislative Analyst's Office (LAO) that the state's cash crisis is getting worse. The state will have $500 million more in bills than income in February and at this point, California will continue to make priority payments like school aid and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics