Reuters article, includes “… Mayor Rahm Emanuel plans to refund all $700 million of the city's sales tax revenue bonds and about $2.3 billion of its $9.8 billion of general obligation (GO) bonds through a new corporation. That entity will be assigned all of the city's sale tax revenue collected by the state of Illinois, which totaled $661 million in fiscal 2016, and will pledge that money to pay off the bonds. … City aldermen who voted against the proposal cited the lack of third-party vetting of the plan, distrust of the bond market, and concerns over extending maturities on existing debt for their opposition.”