Audit reveals Chicago blew through a key budget reserve in 2024 – Crain’s

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.

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1 year ago

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 »

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Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

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