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Flush With Cash, Lightfoot Proposes Election Year Budget with No New Taxes, Fees

Mayor Lori Lightfoot’s plan to close a projected $170.6 million budget gap in 2023 relies on booming tax revenues that she said proves Chicago’s budget has fully recovered from the economic catastrophe caused by the COVID-19 pandemic. ....

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Lightfoot Drops Proposal for $42.7M Election-Year Property Tax Hike After Hitting Brick Wall of Opposition

Mayor Lori Lightfoot did not explain Thursday how she would propose to bridge the city’s projected 2023 budget shortfall, which is now 33% bigger than the gap she detailed nearly two months ago. ....

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Chicago Faces $127.9M Budget Shortfall in 2023: Lightfoot

Chicago’s financial picture has been buoyed by the city’s red-hot real estate market and nearly $2 billion in federal aid designed to help the city withstand the ravages of the COVID-19 pandemic. ....

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Chicago Leaders to Kick Off Budget Season Weeks Before Officials Are Set to Detail Deficit

Chicago Leaders to Kick Off Budget Season Weeks Before Officials Are Set to Detail Deficit
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Boosted by Wall Street, Lightfoot Says Budget Set for Final Vote Is Path to Long-Term Stability

Mayor Lori Lightfoot made her closing argument for her $16.7 billion 2022 budget on Tuesday, saying the spending plan would allow Chicago officials to “build a stronger and more prosperous city” amid the wreckage of the continuing COVID-19 pandemic. ....

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