Chicago Faces $538M Budget Shortfall in 2024, Mayor Brandon Johnson Says – WTTW (Chicago)

The size of the deficit will complicate Johnson’s efforts to fulfill campaign promises to use the city’s financial resources to invest in working-class Chicagoans. “The projected budget gap paints a realistic picture of our city’s financial condition, which will require careful consideration and strategic action,” he said. “In the coming weeks, we will be taking a much closer look at the challenges we face, and how we will address those challenges reasonably and responsibly, and not on the backs of workers and working families.”
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Giddyap
2 years ago

Real number much higher

Mary Juana
2 years ago

Johnson likes using them big words, makes him look like someone with an IQ of 80

JackBolly
2 years ago

+$200M INCREASE in one year to city unions – there you have it, then throw in the cost of illegal aliens and ta da! Democrats are a full blown cult.

Goodgulf Greyteeth
2 years ago

‘Public’ Broadcasting Service.

Right….

Who once again remind us that Chicago’s ‘migrants’ are, “all in the country legally after requesting asylum but are not permitted to work without special permission.”

Did a good job of describing what a train wreck Chicago’s finances are, and how little BJ has actually committed to, one way or the other.

Notwithstanding the fact that PBS acknowledges BJ has talked a lot – used big words, too.

Poor Taxpayer
2 years ago

Take it out of the pension fund.

Ex Illini
2 years ago

Brandon couldn’t balance his personal checkbook, so this can’t be a surprise to anyone. Good luck to Chicago.

Goodgulf Greyteeth
2 years ago
Reply to  Ex Illini

Actually, he balanced it just fine by not paying his utility and credit card bills.

Because, he tells us, those bills were ‘racist.’ Discriminatory. Non-equitable.

Unless you were White, and paying them.

Which brings us to BJ the Mayor…..

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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