{"id":60733,"date":"2026-03-21T12:49:36","date_gmt":"2026-03-21T12:49:36","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=60733"},"modified":"2026-03-21T12:49:36","modified_gmt":"2026-03-21T12:49:36","slug":"financial-expert-sounds-alarm-on-the-city-of-chicago-facing-budget-gap-of-more-than-a-billion-dollars","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=60733","title":{"rendered":"Financial Expert Sounds Alarm on the City of Chicago \u2013 Facing Budget Gap of More Than a Billion Dollars"},"content":{"rendered":"

\"A<\/p>\n

\"A
Chicago Mayor Brandon Johnson at a press conference hosted by Illinois Governor J.B. Priztker \/ Screenshot: MSNBC<\/figcaption><\/figure>\n

The city of Chicago is facing a serious financial crisis, and while their budget problems are not a secret, at least one financial expert is trying to sound the alarm.<\/p>\n

The city is looking at a budget gap of more than a billion dollars. That is as serious as it gets.<\/p>\n

Chicago already spends a massive amount of its budget un debt and unfunded liabilities like pensions, but it\u2019s only going to get worse and Mayor Brandon Johnson doesn\u2019t seem to know how to even approach fixing this.<\/p>\n

\n
<\/div>\n<\/div>\n

FOX News<\/a> reports:<\/p>\n

\n

Chicago\u2019s teetering debt is stark warning left-wing mayor is fueling \u2018pay later\u2019 doom cycle: expert<\/strong><\/p>\n

Chicago Mayor Brandon Johnson and his administration are presiding over a city in serious financial straits. <\/p>\n

Chicago, the nation\u2019s third-largest city, is facing a corporate fund budget gap of more than $1 billion, while its 2025 fiscal year is projected to close with a roughly $150 million deficit with about two-fifths of the budget going toward debt service and pension costs.<\/p>\n

Johnson said in April the city was \u201cat a crossroads\u201d and had to \u201cessentially do more with less,\u201d while simultaneously slamming the Trump administration for reportedly threatening federal funding, calling it a \u201cdifferent scenario we weren\u2019t under before.\u201d<\/p>\n

Austin Berg, executive director of pro-taxpayer research group Illinois Policy Institute, said markets are looking at the true numbers and are \u201creally concerned\u201d about Chicago\u2026<\/p>\n

\u201cThe solution set is always the same: Stop making bad decisions, and you have to put a structure in place to make better decisions,\u201d Berg said.<\/p>\n

\u201cSo, the bad decisions are things like taking one-time revenues from federal COVID spending and putting it into operations. The bad decisions are borrowing for operations, which this latest bond issue just did. That\u2019s a huge no-no and a red flag for investors.\u201d<\/p>\n<\/blockquote>\n

This is what decades of one party rule gets you.<\/p>\n

Instead of fixing the city\u2019s very real problems, Mayor Johnson and his allies are more interested in going after ICE, protesting Trump, and increasing the power of the very people who are bleeding the city dry.<\/p>\n

It won\u2019t end well. Does Mayor Johnson think the federal government is going to bail them out? Not likely.<\/p>\n

\n
<\/div>\n<\/div>\n

The post Financial Expert Sounds Alarm on the City of Chicago \u2013 Facing Budget Gap of More Than a Billion Dollars<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Chicago Mayor Brandon Johnson at a press conference hosted by Illinois Governor J.B. Priztker \/ Screenshot: MSNBC The<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-60733","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nFinancial Expert Sounds Alarm on the City of Chicago \u2013 Facing Budget Gap of More Than a Billion Dollars - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=60733\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Expert Sounds Alarm on the City of Chicago \u2013 Facing Budget Gap of More Than a Billion Dollars - Sasquatch News Online\" \/>\n<meta property=\"og:description\" content=\"Chicago Mayor Brandon Johnson at a press conference hosted by Illinois Governor J.B. 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