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Posted On: 03/11/2024 8:22:02 PM
Post# of 126895
City Of Chicago Forecasts $538 Million Budget Gap For 2024
NO MATTER > L O L < What they say Ha Ha Ha YOUR TAXES are GOING UP
$538 million Five Hundred And Fifte Three MILLION Haaaa Ha Ha Ha
CHICAGO – Mayor Brandon Johnson today released the City of Chicago Budget Forecast for the upcoming 2024 fiscal year, which projects a budget gap of $538 million and holds the line on not raising the base property tax levy. With a commitment to fiscal responsibility and sustainable financial management, Mayor Johnson provided insight into the challenges ahead, and outlined his administration's approach to addressing this budgetary shortfall.
Mayor Johnson acknowledged the complexity of the financial situation inherited by his administration. Federal Reserve increases to benchmark interest rates to combat inflation have affected the local economy and negatively impacted revenues. The Johnson Administration anticipates costs to support the new arrivals mission to increase in 2024, along with anticipated increases in personnel, pension, and contractual costs.
https://www.chicago.gov/city/en/depts/mayor/p...onBudgetGa
VOTE Demo Crap > > 2024
NO MATTER > L O L < What they say Ha Ha Ha YOUR TAXES are GOING UP
$538 million Five Hundred And Fifte Three MILLION Haaaa Ha Ha Ha
CHICAGO – Mayor Brandon Johnson today released the City of Chicago Budget Forecast for the upcoming 2024 fiscal year, which projects a budget gap of $538 million and holds the line on not raising the base property tax levy. With a commitment to fiscal responsibility and sustainable financial management, Mayor Johnson provided insight into the challenges ahead, and outlined his administration's approach to addressing this budgetary shortfall.
Mayor Johnson acknowledged the complexity of the financial situation inherited by his administration. Federal Reserve increases to benchmark interest rates to combat inflation have affected the local economy and negatively impacted revenues. The Johnson Administration anticipates costs to support the new arrivals mission to increase in 2024, along with anticipated increases in personnel, pension, and contractual costs.
https://www.chicago.gov/city/en/depts/mayor/p...onBudgetGa
VOTE Demo Crap > > 2024
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