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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Among other things, she handles the structuring and sale of bonds for schools across the state. It is not a balance sheet test, but a cash flow test. That’s more than the state’s total projected general-fund spending in fiscal years 2016, 2017 and 2018 – combined. First let''s go over Culpepper''s background.