On October 9, 2026, Chicago Mayor Brandon Johnson vetoed an ordinance that would have required at least 30 members of the city council to approve any new borrowing by the city.
The Chicago City Council had passed the measure on September 30, 2026, with a 32‑15 vote, satisfying the three‑fifths majority needed for adoption. The proposed rule was designed to make it harder for the city to assume additional debt.