-- Connecting the dots between our economy, government and business --
Chicago’s ability to weather looming financial storms took a hit when the Chicago Board of Education refused to cover a 2024 pension payment that’s become a political hot-potato. According to the newly released audit, the city ended 2024 with a $161 million deficit in its general fund, driven by the loss of the $175 million payment city officials anticipated would be reimbursed by Chicago Public Schools.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
I read a lot. I tried to read this article twice and am totally lost, other than to know the entire mess is a giant hot steaming pile of do-do con job of epic proportions. Honorable reporting writing, some graphs or visuals would have help a lot. Does anybody on team $Brando$ care if average chumbolone schmuck has a clue about budget? you can bet 90% of alders are clueless as well…..and yes, Berg is correct Chicago desperately needs a charter requiring GAAP budgeting, as Chicago is only major city without one…otherwise is just a complete colossal con job and… Read more »
As usual, they don’t link to the document — the audit. And Chicago does not have it posted yet. We will write on our own when the let us see it.