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Chicago Democrat mayor admits city faces $1 BILLION deficit in 2025 budget |
2024-08-31 |
[POSTMILLENNIAL] reliably Democrat Chicago, aka The Windy City or Mobtown ...home of Al Capone, the Chicago Black Sox, a succession of Daleys, Barak Obama, and Rahm Emmanuel... Mayor Brandon Johnson ![]() says the city can expect a $982 million deficit for its 2025 budget, almost double what it was for his first year in office. Johnson blamed the shortfall on higher spending on city workers and lower revenues from city taxes, CBS News reports. "The size of the budget gap is significant. It's going to require decisions that will speak to our overall collective desire to build an economy that works for working people. There will be sacrifices that will be made," Johnson told news hounds Wednesday afternoon. While facing an almost $1 billion budget would seem historic, it doesn't equal the $1.2 billion dollar shortfall that former Mayor Lori Lightfoot ..the diminutive and vacuous former Heronner da Mare of Chicago. When the corpse count rises she blames the guns, which are banned anyway... presided over in 2021 after Covid pandemic costs drove up the city's expenses. Lightfoot weathered the storm with cash infusions from the Biden-Harris administration in its Covid relief spending package. Last year, Johnson dealt with a $538 million budget deficit for 2024 and didn't lay off city personnel or raise taxes. The mayor declined to say if he would reach for either of those options in the current financial crisis, nor did he comment on the possibility of legalizing video gambling in the city and slot machines at the airport to raise more money. He did not deny that layoffs or at least a hiring freeze at the city is a possibility, according to CBS. "There are a number of options that we'll explore. What we're working to safeguard against is harm to constituents, to everyday people," he said. "We're working to provide as soft of a landing as possible." When asked if the deficit had anything to do with city spending on illegal im Ald. Jason Ervin (28th), chairman of the City Council Budget Committee, downplayed the deficit, saying it is not as bad as he anticipated. But he said there will be some hard decisions to be made by the mayor. "I think we have to look at everything, but at the same time we have to be reasonable so that we're not impacting those that have generally been most harmed by taxes and fees throughout the history of our city. But, again, I think we start on the expense side of paring that down before looking at revenue," Ervin told news hounds. |
Posted by:Fred |
#10 The DC Swamp will bail Chicago out and pass it on to the rest of the country. |
Posted by: Glavinter Peacock7962 2024-08-31 22:42 |
#9 Or am I confusing him with some other dem clown? Programs! Getcher programs! Can't tell the clowns without a program. Looking at this in practical terms, Chicago has a population of ~ 2.6 million. Let's say 1/4 are adults. With a deficit of $982 million, we get deficit / adults = $1510 per potential voter So, for one and a half large each, the mayor and his cronies can buy enough votes to stay in office. Not a bad deal considering that they are spending someone else's money. Besides, we gotta keep the unions happy, right? |
Posted by: SteveS 2024-08-31 15:09 |
#8 Isn’t this the same chucklehead that said something about the city operating grocery stores, after some have shut down? Odds on price controls in retro for local city tabs? |
Posted by: swksvolFF 2024-08-31 15:03 |
#7 Chicago Democrat mayor admits city faces $1 BILLION deficit in 2025 budget "And that's why we must elect Kamala!"? |
Posted by: Grom the Reflective 2024-08-31 14:56 |
#6 Get the Chicago Board of Trade out of that hell hole. Join Wall Street in Florida. |
Posted by: DooDahMan 2024-08-31 14:33 |
#5 Self inflicted wound. Snake eating its own tail. |
Posted by: Procopius2k 2024-08-31 14:31 |
#4 Call Pritzker |
Posted by: Skidmark 2024-08-31 09:43 |
#3 Isn’t this the same chucklehead that said something about the city operating grocery stores, after some have shut down? Or am I confusing him with some other dem clown? |
Posted by: USN, Ret. 2024-08-31 09:14 |
#2 Pelosi on CA Using Tax Dollars to Help Illegals Buy Homes: Have to Make Home Ownership 'Available to All' |
Posted by: Skidmark 2024-08-31 08:01 |
#1 LOGICAL AT WORK When a city overtaxes the WORKING voters, businesses, fail to provide basic police protection, have politically applied law and order. The $$$$$ tends to move out of the problem area. BTW: The Top 4 Largest employers in Chicago are: # Employer_______________Employees 1 U.S. Government_________49,400 2 Chicago Public Schools____39,094 3 City of Chicago__________30,340 4 Cook County, Illinois______21,482 |
Posted by: NN2N1 2024-08-31 05:40 |