Chicago mayor warns of financial crisis as NYC debates socialist policies

Chicago Mayor Brandon Johnson has warned that finance in the country’s third most populous city has reached a point without a return. “

The Mayor said this week that the city would need to take steps to deal with the lack of budget and Chicago which provides major systems, including education, housing, health care and transportation, “very rarely judged.”

Earlier, at a distance of eight-half miles, the country’s most populous city has concerns that if Democratic Socialist Zoharan Mammadani wins the election as the next mayor of New York City in November, the city can be led to a fiscal abode similar to half a century earlier crisis, when it came close to bankruptcy.

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Holy Mayor Eric Adams, who excluded the 2025 race for the Mayor nomination of the Democratic Party of New York City and who is running for re -election as an independent, signed a deal with the city council on a budget of about $ 116 billion for the financial year 2026.

The city council President Edrien Adams announced the deal at the end of June, saying at a press conference, “There is no right budget. But we have traveled a long way, and it becomes very close.”

Cuomo Flips Skips on Mamdani in New York City Mayorl Race

But 33 -year -old Mammadani, who is voting on two other contenders in the numbers of Adams, former Gove Andrew Kuomo of New York State, and two other contenders in the November election, is running on an expensive platform to deal with strength and inequality in one of the most expensive cities in the country.

After topping Kuomo and nine other candidates in the Democratic Party Primary, Mammadani attracted national attention in late June, as he took a major step towards becoming a Muslim and the first Millennial Mayor.

Born in Uganda, a Uganda in New York City Boro, Mamdani, Queens, is proposing to eliminate the fare to ride the huge bus system of New York City, causing Kuni (City University of New York) “Tuition-Free,” Freezing Rent at Municipal Housing, “Freezing Rent at Municipal Housing,” Offer Offer “free children” free child “.

There are concerns that significant expenses for paying for Mamdani’s proposals increases, as well as the possibility of lack of revenue, can put a stress on the budget of New York City.

And at the center of Mamdani’s proposals, there is a “millionaire tax” to pay for their expensive plans, which critics say that Ultra-Dhani will motivate the residents of New York City to flee.

Mamdani’s agenda has given Republican a lot of fodder to use to go to crime, as they highlight their “socialist” policies and try to anchor them for the next year for the Democrats who faced challenging elections. President Donald Trump has accused Mamdani of being a “communist”.

And in the November mayor election, Mamdani’s rivals are also targeting them.

Adams has said that Mamdani is making “false promises” that will hurt low -income new Yorkers. And the mayor argues that the proposal of Mamdani to set up a government -run supermarket will “destroy the local Bodgas and local stores.”

Cumo, as he proposed his plan to address the power in New York City, said on Thursday that Mandani “is proposing a principle of socialism that has never worked anywhere.”

Cumo said, “What is the best answer to strength? This is a business development. It is an opportunity. It is jobs. It is economic development. It is not an anti-business socialism,” Cumo said he responded and replied.

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While firing, Mamdani Abhiyan spokesman Dora Packk claimed that “relying on Andrew Kuoomo to address New York’s strength crisis is equivalent to working with a fire with a fire – he created this crisis.”

Mamdani spokesman Dora Packk said in a statement, “Trusting Andrew Qumo is equivalent to setting fire to a set -up to address the strength of New York and set fire to fire – he created this crisis.”