CHICAGO — The Chicago City Council overwhelmingly approved Mayor Rahm Emanuel’s controversial plan to establish an infrastructure trust to tap private investment in public projects after rejecting several measures aimed at tightening oversight of the new nonprofit.

“Working together we have a tool here that takes some of the pressure off of our taxpayers,” Emanuel told council members just before the 41-7 vote in favor of the ordinance setting up the Chicago Infrastructure Trust. “This tool helps us repair our economic foundation.”

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