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According to City Hall budget officials, Chicago has received more than $1.13 billion from the CARES Act.

Bill Healy

Politics

Chicago Faces $700 Million Budget Gap Due To Pandemic

By  Meha Ahmad and Stephanie Kim
   

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Mayor Lori Lightfoot on Tuesday announced that Chicago is facing an estimated $700 million budget shortfall because of the coronavirus pandemic.

Reset takes a look at what lies ahead for taxpayers as the city grapples with its finances.

GUESTS: Becky Vevea, WBEZ city politics reporter

Laurence Msall, president of the Civic Federation

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