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THE BOND BUYER: Chicago Investors' Conference Set the Table for October Budget Release

September 23, 2019

Investors welcomed the opportunity to meet and hear directly from Chicago Mayor Lori Lightfoot, but they remain hungry to see the details of how she will tackle an $838 million deficit. "She's reiterating the same points that everything is on the table, that she's going to be tough, and there's going to be shared sacrifice," said Brian Battle, director of trading at Performance Trust Capital Partners. "I've already heard that speech" but am "cautiously optimistic. The mayor is so far who she said she would be" on ethics reforms and other subjects but "we will find out" Oct. 23 if that remains the case.

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