Chicago Faces $700 Million Budget Gap Due To Pandemic
Mayor Lori Lightfoot says the pandemic has had a “devastating impact” on the city’s finances, which will be felt beyond 2020.
By Meha Ahmad, Stephanie KimChicago Faces $700 Million Budget Gap Due To Pandemic
Mayor Lori Lightfoot says the pandemic has had a “devastating impact” on the city’s finances, which will be felt beyond 2020.
By Meha Ahmad, 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