Chicago Mayor Brandon Johnson and his administration are presiding over a city in serious financial straits, as decades of mismanagement and present-day fiscal irresponsibility compound. 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 as about two-fifths of the budget goes toward debt service and pension costs.Johnson said in April that the city was "at a crossroads" and had to "essentially do more with less," while simultaneously slamming the Trump admi...
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