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Citing ’catastrophic collapse’ of economy, Mayor Lori Lightfoot says Chicago faces $1.2 billion shortfall in 2021 ’pandemic budget’

Citing the “catastrophic collapse of our local and national economy” because of COVID-19 and damage to local businesses from civil unrest, Mayor Lori Lightfoot on Monday laid out a $1.2 billion shortfall for what she called Chicago’s “pandemic budget” in 2021.

Filling the historic deficit will likely require personnel cuts and could lead to layoffs, and the mayor promised to use a TIF surplus and consider a computer lease tax as other potential measures. Lightfoot made no mention of a possible property tax hike in her remarks.

Asked afterward for specifics about cuts or taxes, Lightfoot said that “all options are on the table,” though property taxes and job cuts are at the back of her list.

“The reality is that life will be different for the foreseeable future, impacting how services are provided and how departments are structured, and we must adjust to meet that reality,” Lightfoot said in an afternoon speech at the Cultural Center.

“A very difficult part of reimagining government will also include looking to our workforce, and making needed changes in places that are not being fully utilized during the remainder of this crisis and in our post-COVID-19 world,” she said.

Lightfoot largely avoided discussion about the city’s rising pension costs, aside from calling for state lawmakers to work together and solve the problem. But alluding to the issue, Lightfoot pushed back against Republican critics who say the federal government shouldn’t help blue cities and states such as Chicago and Illinois because their budget woes are “a result of years of mismanagement.”

read more:

https://www.chicagotribune.com/politics/ct-lori-lightfoot-2021-budget-forecast-20200831-c5m7wpo5brdbromqi4z7yxyqo4-story.html

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  • Demonrats are jealous that Trump is such an amazing and decisive leader who gets things done while they are weak and useless. They join the chorus of foreign leaders who are equally mesemerized by the regaining strength of America under Trump's leadership.

  • I am not paying taxes to bail out cities with political ideologies that want to destroy me and my family. All of a sudden the marxists need WHITE boy to pay their way. marxism works ONLY when they have other people's money to cover up their incompetence and useless political ideology. chicago put her in office, let them be taxed into oblivion until they pay off their deficit, their voting practices have consequences. The only thing that useless mayor could be used for is one he!!! of an ugly garden gnome, to scare off the seed eating birds. All these marxist cities will blame Covid-19 for being in the red, when we all know the marxists have been siphoning off billions of dollars for decades for themselves like obamas did. 

  • But Democrats are Comunists and Communists lie,so...................

  • Mayor Lightfoot is ignorant!

    she should resign and allow someone with intelligence to take over until an emergency election and hope the foolish voters have come to their senses and will elect a Republican!

    • AND NO BAILOUT MONEY FOR LIGHTFOOT,

  • Isn't the Mayor responsible for at least part of the problem?  How many years of Democrats in the political scene?  Time to get rid of them all, and try Republicans for a change!!!

    • YES, but she will never admit it!  So much easier to blame Trump, or anyone or anything else!  The dems never, never want to take responsibility for anything, unless they think doing so will buy them more votes!  Creeps!

    • Notice horrible, dishonest Nancy blames her hair stylist! Because she got caught breaking the law! to get her hair done! 

      It's against the law for everyone else, but OK for her! What are huge ego!

    • And she thinks her hair style and salon owner should apologize to her! 

  • YOU did this to "your" city. Suck it up, buttercup.

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