Mayor Brandon Johnson is defending his administration’s approach to fiscal management, asserting that Chicago does not have a spending problem despite the city’s budget ballooning to $17.1 billion and a projected deficit rising to $1.15 billion.
Spokane city officials warned Thursday that a growing budget crisis could balloon into a $137 million shortfall by 2030 unless immediate corrective action is taken. The alarm was sounded during a City Council briefing, where budget analysts cited underperforming revenues and escalating expenses as the primary threats to fiscal stability.
