Financial Expert Sounds Alarm on the City of Chicago – Facing Budget Gap of More Than a Billion Dollars

Chicago Mayor Brandon Johnson at a press conference hosted by Illinois Governor J.B. Priztker / Screenshot: MSNBC

The city of Chicago is facing a serious financial crisis, and while their budget problems are not a secret, at least one financial expert is trying to sound the alarm.

The city is looking at a budget gap of more than a billion dollars. That is as serious as it gets.

Chicago already spends a massive amount of its budget un debt and unfunded liabilities like pensions, but...