Chicago refuses to take on more debt to balance the budget of its cash-strapped school system, denying a pitch district leadership floated Wednesday.
The city will not borrow on behalf of Chicago Public Schools, Cassio Mendoza, a spokesperson for Mayor Brandon Johnson, said on Thursday in response to a proposed budget amendment from the district. School officials suggested another entity issue debt to help cover a portion of the roughly $300 million of additional expenses related to pending teacher and principal contracts as well as an outstanding pension bill that it owes the city.
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