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Chicago finds creative use for Build America Bonds

Oct 24, 2010
Chicago Tribune

Brian Battle, Director at Performance Trust Capital Partners, comments on Chicago’s plan to use a federal subsidy designed to facilitate the issuance of construction revenue bonds as a way to patch a hole in the city’s budget.

“If the city keeps doing one-time gimmicks or assets sales or borrowing from reserve funds to balance its budget, credit-rating agencies will look skeptically at that repetitive behavior,” Battle said.

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