The City Council narrowly approved Mayor Brandon Johnson's controversial $830 million bond deal to finance neighborhood infrastructure improvements, despite complaints that a back-loaded repayment schedule would inflate the total cost to $2 billion by the time all of the debt is paid off.

Aldermen approved the plan in a 26-23 vote a day after Mayor Brandon Johnson’s administration proposed a version with clearer spending guardrails.

Chicago’s city council has approved Mayor Brandon Johnson’s $830 million bond issue. By a vote of 26 to 23, aldermen said “yes” to the mayor’s plan to borrow the money for capital projects. Alderman and Vice Mayor Walter Burnett Jr.