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Chicago Public Schools Issues $725 Million in High-Interest Bonds

February 10, 2016

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Chicago Public Schools has borrowed $725 million by ensuring investors unusually high rates of interest.

Heather Gillers writes for the Chicago Tribune that bonds that are presented by entities such as CPS are ordinarily considered to be sound properties, but this is a school district that is sorely in debt, in political chaos, and with an unstable labor force.

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