Does Chicago’s Credit Rating Actually Matter?

Budget season is upon us, and Chicago is facing a $1.2 billion budget gap. Last year's contentious budget battle led to an agency downgrading Chicago’s credit rating. Earlier this year, host Jacoby Cochran talked with DePaul University professor Amanda Kass about how municipal credit ratings work, why Chicago is close to “junk” status, and what it says about the city’s financial health. Good news: The Bridge: A Benefit Concert for Semicolon Books Want some more City Cast Chicago news? Then make sure to sign up for our Hey Chicago newsletter. Follow us @citycastchicago You can also text us or leave a voicemail at: 773 780-0246 Learn more about the sponsors of this Aug. 4 episode: Paramount Theatre Overlook Maps Window Nation Chicago Association of Realtors Become a member of City Cast Chicago. Interested in advertising with City Cast? Find more info HERE