Chicago Boosts RBC Credit Line by $100 Million as Deficit Looms

BloombergTuesday, October 14, 2025 at 8:34:16 PM
Chicago Boosts RBC Credit Line by $100 Million as Deficit Looms
Chicago has taken a proactive step to address its looming budget deficit by boosting its revolving credit line with RBC Capital Markets by $100 million and extending the maturity date. This move is significant as the city faces a projected $1 billion budget gap next year, highlighting the financial challenges ahead and the importance of securing additional funding to manage its fiscal responsibilities.
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