CHICAGO (WLS) -- The Chicago Board of Education on Wednesday decided to hold off on issuing $875 million worth of municipal bonds, due at least in part, to the state's continuing budget impasse.
The low-rated offering could have refinanced CPS' debt and let the district put off interest payments.
A CPS spokesperson released a statement saying their decision is common practice and financial advisors are evaluating the timing of the sale of the bonds on a day-by-day basis.
Chicago Board of Education holds off issuing $875M in bonds
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