City of Chicago
Water Refunding Series 2004 (interest)
$3.2 million
Exact amount: $3,219,000.00
Calendar year 2026
Our estimateDerived: 5.0% x $64,380,000 = $3,219,000 for the May 1 and Nov 1 2026 payments (the same figure the 2016 statement's table implies). As scheduled BEFORE the 2026 refunding: the November 2026 refunding and May 2026 tender remove the 2027 and later maturities of this series from the 2026 official statement's totals, but the bonds still pay interest until they are redeemed on 11/1/2026 (paid from the refunding escrow). The 2025 budget ordinance was written before that deal.
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