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A recent article published in The Examiner reports on Chicago’s pending 2016 budget and what the deficit may mean for the city. Buchanan Public Finance Shareholder David J. Fernandez weighs in, suggesting that Chicago look back to NYC in the ‘70’s to when they created their own Municipal Assistance Corporation.

“Looking back at history and utilizing the tools used in the past to help salvage a major city from the brink of bankruptcy might be the step Chicago needs to begin the long process of recovery,” he tells the publication. 

Read the full article – “Property Tax Increase for Chicago Almost a Reality for Cash-Strapped City” (The Examiner, August 3, 2015).