DonGlock26
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- Sep 15, 2024
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"Chicago's teetering debt is stark warning left-wing mayor is fueling 'pay later' doom cycle: expert
Austin Berg of the Illinois Policy Institute says Mayor Brandon Johnson's $830M bond deal, with no principal payments for 20 years, mirrors a notorious parking meter blunder.
Chicago Mayor Brandon Johnson and his administration are presiding over a city in serious financial straits.
Chicago, the nation’s 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.
Johnson said in April the city was "at a crossroads" and had to "essentially do more with less," while simultaneously slamming the Trump administration for reportedly threatening federal funding, calling it a "different scenario we weren’t under before.""
www.foxnews.com
Democrat ruled Chicago is in a debt death spiral. Maybe Democrat ruled Illinois can bail out Chicago? Nope, they are in their own debt death sprial.
Austin Berg of the Illinois Policy Institute says Mayor Brandon Johnson's $830M bond deal, with no principal payments for 20 years, mirrors a notorious parking meter blunder.
Chicago Mayor Brandon Johnson and his administration are presiding over a city in serious financial straits.
Chicago, the nation’s 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.
Johnson said in April the city was "at a crossroads" and had to "essentially do more with less," while simultaneously slamming the Trump administration for reportedly threatening federal funding, calling it a "different scenario we weren’t under before.""
Chicago's teetering debt is stark warning left-wing mayor is fueling 'pay later' doom cycle: expert
Expert Austin Berg warns Chicago's 'pay later' debt culture under Mayor Brandon Johnson is alarming markets, with a $1B budget gap and risky bond deals.
www.foxnews.com
Democrat ruled Chicago is in a debt death spiral. Maybe Democrat ruled Illinois can bail out Chicago? Nope, they are in their own debt death sprial.
