chicago is poised to be a frequent issuer in the 4 trillion municipalbond market through the end of next year for projects and refinancing if the city council approves mayor lori lightfoot’s borrowing plans as part of her 2022 budget proposal lightfoot’s administration is seeking authorization from aldermen to issue as much as 441 billion of bonds most of which would be sold next year according to chief financial officer jennie huang bennett that amount would include 206 billion in new money and 235 billion for refinancing old debt that’s in addition to the city’s already authorized issuance of up to 466 billion bennett said