
Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt
Chicago Mayor Brandon Johnson will seek approval from aldermen to sell as much as $4.3 billion of debt for O'Hare International Airport, according to a filing posted on the city clerk's website.
If authorized, proceeds of the bonds will fund infrastructure projects at the facility, as well as refinance outstanding obligations, the ordinance that the mayor is scheduled to propose Wednesday said.

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S&P 500 Gains as Lutnick Signals US-China Progress
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Tax, finance chiefs must craft a clear tax transformation ‘roadmap': Deloitte
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. A still uncertain macroeconomic environment is putting pressure on CFOs and other finance leaders to operate leaner businesses, with many taking second looks at new technologies and skills that could help them conduct certain processes more efficiently — and at less cost. Tax teams, for example, are facing a conflating number of internal and external pressures, with the bid to lower costs butting up against an aging workforce, data and technology snags and incoming changes to global tax regulation, such as Pillar 2. 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Four in 10 tax and finance leaders identified complying with shifting tax regulations as a top three challenge facing them in the next three to five years. Meanwhile, 35% of leaders said 'quantifying tax implications of alternative scenarios' was a top three challenge, while 34% pointed to 'access to talented tax professionals' rounding out the group. Today's finance leadership therefore faces the complicated goal of both easing cost reduction pressures which have been 'on steroids' over the past few years — and have certainly not abated given current macroeconomic headwinds, VanVleet said — as well as prepping for shifting tax regulations, such as Pillar 2, as well as looming U.S. tax reform. Oftentimes, what VanVleet sees from clients is, 'many times CFOs are putting that pressure on tax to encourage behavior change, and really try to get the tax operating model, the tax cost structure, closer to what they've achieved for the rest of finance,' she said. 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The report is based on a survey of 1,000 tax and finance leaders as well as interviews with international heads of tax, according to the Big Four firm. Navigating this complicated environment requires finance and tax leaders to have a transparent view of their needs and goals — of the clients that have crafted a tax transformation roadmap, 'they have at least hit pause long enough to look at their processes, look at where they're inefficient, look at where their cost reduction opportunities might be if they had a different operating model or different technology in place,' VanVleet said. Tax and finance leaders are also eying other ways to reduce costs amid a complicated environment. Outsourcing has emerged as a popular strategy, with 81% of respondents pointing to it as a way to cut back on costs in 2025, compared to 69% in 2023, Deloitte's report found. 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Still, 'specialist AI skills,' a new entrant to the survey, shot to the top of the list of competencies tax leaders are on the lookout for, with 45% pointing to it as their most-needed skillset in the next one to two years, Deloitte's report found. Recommended Reading CFOs prep for tax policy impacts: Grant Thornton Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data