Chicago Projects $882 Million Budget Deficit Amid Pension and Bond Pressures

Chicago Mayor Brandon Johnson forecasts an $882 million budget shortfall for 2027, highlighting ongoing financial strains from pension obligations and bond costs for the third-largest US city.

3 Sept, 16:00 — 3 Sept, 16:00

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bloombergHigh1d ago

Chicago Projects $882 Million Budget Gap on Bond, Pension Costs

Chicago Mayor Brandon Johnson is projecting an $882 million budget deficit for 2027, even as his administration continues to seek ways to close this year’s shortfall, underscoring the financial pressures facing the third-largest US city.

By Shruti Date Singh

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Chicago Projects $882 Million Budget Deficit Amid Pension and Bond Pressures

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Chicago Projects $882 Million Budget Gap on Bond, Pension Costs

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