Chief Financial Officer Jennie Huang Bennett faced pointed questions from members of the City Council’s Budget and Government Operations Committee on Thursday about the "advanced pension payment" proposal.
Budget Director Susie Park unveiled the updated budget forecast during Wednesday’s meeting of the City Council’s Budget and Government Operations Committee, which holds a hearing to examine the city’s financial condition every quarter.
Mayor Lori Lightfoot’s proposal to spend $16.7 billion in 2022 faces two critical votes in the coming days, as members of the City Council wrangle behind the scenes on how to spend nearly $2 billion in federal aid while closing massive shortfalls caused by the COVID-19 pandemic.
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