Chicago 2027 budget forecast blame game
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Johnson said the budget gap — again one of the city’s largest of the past two and a half decades — is driven in part by $70 million more in the city’s bond payments, $90 million more in pension obligations,
Chicago's projected FY2027 was down $283.9 million from the $1.2 billion estimate in last year's budget forecast.
Mayor Brandon Johnson has not yet specified how he plans to close the budget deficit this fall, but reiterated a pledge to identity "progressive" revenue options.