Chicago Schools Finance Agency Crafts a Budget-Saving Restructuring

Shields, Yvette
January 2005
Bond Buyer;Deal of The Year Awards, p32
Trade Publication
Reports that the Chicago School Finance Authority (CSFA) has developed a multi-layered restructuring of its multimillion dollar of outstanding debt designed to raise funds for the cash-strapped Chicago Board of Education's building program. Failure of the state lawmakers to approve Illinois Governor Rod Blagojevich's proposal to pump 500 million dollar into the school building fund; Comment of schools treasure David Bryant regarding the success of the restructure that exceeded their expectations.


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