Free Republic

Several major blue cities in the U.S. have been marred by a slate of massive budgetary problems in recent years. City officials in Chicago and Los Angeles are currently grappling with how to address substantial budget shortfalls. Meanwhile, Philadelphia is struggling with various financial issues across several sectors, with both its school district and the Southeastern Pennsylvania Transportation Authority (SEPTA), the city’s public transit system, facing massive budget deficits. Chicago is facing a projected budget gap of nearly $1.2 billion for fiscal year 2026. The city’s budget deficit has largely been exacerbated by soaring pension costs, declining state revenue and...

Candidates silent on budget crisis State hopefuls oppose higher taxes, say it's too early to talk about cuts 09/08/2002 By CHRISTY HOPPE and TERRENCE STUTZ / The Dallas Morning News AUSTIN - Candidates for governor and lieutenant governor, afraid of alienating voters, are dodging a looming budget crisis that could mean either higher taxes or draconian budget cuts and maybe both, legislative leaders say. Democrats and Republicans say candidates are doing a disservice to voters by not spelling out how they intend to tackle the budget monster that will dominate next year's legislative session. "Everybody knows it's going to...