Mayor Lightfoot Outlines Bleak Budget Forecast: $1.2 Billion Gap For 2021

Mayor Lori Lightfoot said the COVID-19 pandemic has caused a “seismic disruption” of the city’s finances

By Stephanie Kim
Mayor Lightfoot Outlines Bleak Budget Forecast: $1.2 Billion Gap For 2021
In this April 10, 2020, file photo Chicago Mayor Lori Lightfoot speaks during a news conference in Hall A at the COVID-19 alternate site at McCormick Place in Chicago. Mayor Lightfoot announced a $1.2 billion hole in the 2021 budget on Monday, Aug. 31, 2020. Nam Y. Huh, File / AP Photo
Mayor Lightfoot Outlines Bleak Budget Forecast: $1.2 Billion Gap For 2021
In this April 10, 2020, file photo Chicago Mayor Lori Lightfoot speaks during a news conference in Hall A at the COVID-19 alternate site at McCormick Place in Chicago. Mayor Lightfoot announced a $1.2 billion hole in the 2021 budget on Monday, Aug. 31, 2020. Nam Y. Huh, File / AP Photo

Mayor Lightfoot Outlines Bleak Budget Forecast: $1.2 Billion Gap For 2021

Mayor Lori Lightfoot said the COVID-19 pandemic has caused a “seismic disruption” of the city’s finances

By Stephanie Kim
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Mayor Lori Lightfoot announced Monday a projected $1.2 billion budget gap for 2021. This comes on top of an $800 million budget deficit for the rest of this year.

Reset checks in with WBEZ’s Becky Vevea for the latest on the city’s budget forecast and with Ald. Carlos Ramirez-Rosa for reaction from the City Council.

GUESTS: Becky Vevea, WBEZ city politics reporter

Ald. Carlos Ramirez-Rosa (35th Ward)