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Chicago Mayor Brandon Johnson warns that finances in the nation's third most populous city have "reached a point of no return."

The mayor said this week that the city will need to take steps to deal with looming budget shortfalls and that key systems that Chicago provides, including education, housing, health care and transportation, are "woefully underfunded."

Eight-hundred miles to the east, there are concerns in the nation's most populous city that if democratic socialist Zohran Mamdani wins the election in November as New York City's next mayor, the city could be headed for a fiscal abyss similar to the crisis half a century ago, when it came close to bankruptcy.

CHICAGO TRIBUNE WARNS 'HALLOWEEN COMES EARLY ' AS CITY

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