Mayor Lori Lightfoot’s plan to close a projected $733 million budget gap in 2022 relies on $385 million in federal relief funds and nearly $299 million in savings and efficiencies, but the plan contains “no new tax or significant fee increases” for Chicago residents, she said.
Emma Tai
Sep 20, 2021 |
Aug 12, 2021 |
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.
Mar 12, 2020 |
The economic fallout from the coronavirus pandemic is being felt by industries and businesses in Chicago and across Illinois, from large hotel chains and restaurants to independent movie theaters and music venues.
