Chicago Mayor Lori Lightfoot talks Wednesday, Aug. 11, 2021 about the 2022 budget. (Heather Cherone / WTTW News)

Chicago is facing an uncertain financial future as Mayor Lori Lightfoot prepares to detail how she plans to close a projected budget deficit of $733 million in 2022, budget experts told “Chicago Tonight” on Thursday.

Gov. J.B. Pritzker speaks Wednesday, Sept. 16, 2020 about the impact of the coronavirus on the state and its finances.

“State and municipal budgets across the nation and here in Illinois are being decimated,” Gov. J.B. Pritzker said Wednesday. “It’s not a blue state problem or a red state problem.”

Chicago Mayor Lori Lightfoot waves after being sworn in during her inauguration ceremony Monday, May 20, 2019. (AP Photo / Jim Young)

It’s her first week in office, but Mayor Lori Lightfoot doesn’t have time to waste when it comes to city finances. How can Chicago address its fiscal troubles?

(Ken Teegardin / Flickr)

Mayor Rahm Emanuel has floated the idea of selling more than $10 billion in pension obligation bonds. We dig into the idea.

Attorney and former Chicago Ald. Bob Fioretti represented the city of Harvey. (Chicago Tonight file photo)

The city of Harvey finally strikes a deal with its underwater police and fire pension funds. What it could mean for hundreds of other Illinois towns.

(Loco Steve / Wikimedia Commons)

After massive layoffs in Harvey because of its underfunded pensions, a look at which other municipalities could be in similar trouble.

Attorney Bob Fioretti represents the city of Harvey.

The state is withholding tax money from south suburban Harvey because it has fallen behind on its pension payments. Will others follow?