Chicago’s acting CFO Steve Mahr: Bonds, budget tensions, and pension strategy

Fran Spielman interviews Steve Mahr, Chicago’s newly appointed acting Chief Financial Officer, who shares his background in public service and public finance investment banking. They discuss Chicago’s recent budget stalemates, the rejection of Mayor Brandon Johnson’s corporate head tax, and warnings of a possible $160 million midyear shortfall, as well as the city’s decision to split the advanced pension payment due to delayed Cook County property taxes.