Reported about 1 month ago
Chicago has announced a hiring freeze and restrictions on non-essential expenses to tackle an estimated budget shortfall exceeding $1 billion through 2025. The city's budget director indicated a projected deficit of $222.9 million for this year and $982.4 million for the next, highlighting the city's commitment to responsible fiscal management amid financial challenges. Mayor Brandon Johnson, who is preparing his second spending plan, is aiming to balance the budget while maintaining essential services.
Source: YAHOO