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Chicago: 1 billion dollar budget deficit

Posted by Bluangel <iframe src='https://members.boardhost.com/GraniteGossip/info/user=Bluangel' width='330' height='300' border=0 style='border:none;'> on September 18, 2024, 11:34 am

pdated budget forecasts show a $982 million shortfall for the upcoming 2025 budget as Chicago grapples with $223 million remaining deficit this year. Mayor Brandon Johnson refuses to rule out property tax hikes.

Mayor Brandon Johnson’s Office of Budget and Management is projecting the city is facing a $982 million budget shortfall for the upcoming 2025 budget as city leaders are still trying to figure out how to close the $222.9 million shortfall for this year’s budget.

The 2025 Budget Forecast released Aug. 28 included projections for the remaining two years the Johnson administration will oversee the city’s financials. Baseline projections estimate the city’s budget deficit will grow to $1.12 billion in 2026 and $1.32 billion in 2027, but those shortfalls could be as large as $1.58 billion and $1.93 billion.

https://www.illinoispolicy.org/chicago-mayor-brandon-johnson-stares-down-a-1-billion-city-budget-deficit/

I speak American English, so my pronunciation sounds like, “I” RAN and “I” RACK. Carte blanche

Re: Chicago: 1 billion dollar budget deficit

Posted by Joe Smith <iframe src='https://members.boardhost.com/GraniteGossip/info/user=Joe+Smith' width='330' height='300' border=0 style='border:none;'> on September 18, 2024, 1:00 pm, in reply to "Chicago: 1 billion dollar budget deficit "

It's Chicago, who cares?

"Murica"

Re: Chicago: 1 billion dollar budget deficit

Posted by opinionated <iframe src='https://members.boardhost.com/GraniteGossip/info/user=opinionated' width='330' height='300' border=0 style='border:none;'> on September 18, 2024, 1:00 pm, in reply to "Chicago: 1 billion dollar budget deficit "

Yes and the weak knees, soft on crime mayor wants to eliminate the system that tracks gunshots for a more rapid response time by CPD.

I bet he wishes he had some of the money he spent taking care of the illegals Texas sent him.

Promises Made, Promises Kept!
Republicans stood, the liberal left wept.

Drill Baby Drill

Re: Chicago: 1 billion dollar budget deficit

Posted by Bluangel <iframe src='https://members.boardhost.com/GraniteGossip/info/user=Bluangel' width='330' height='300' border=0 style='border:none;'> on September 18, 2024, 1:08 pm, in reply to "Re: Chicago: 1 billion dollar budget deficit "

Yep! And they will be looking at the State to bail them out.

I speak American English, so my pronunciation sounds like, “I” RAN and “I” RACK. Carte blanche

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