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Coronavirus

Chicago Mayor: Pandemic Has Caused $1.2B Hole in 2021 Budget

September 1, 2020

CHICAGO — Chicago Mayor Lori Lightfoot has predicted a roughly $1.2 billion hole for the 2021 budget, blaming the coronavirus pandemic as the “single largest driver” of economic challenges.

She says tourism, transportation and the hospitality industry have been hit hardest. Lightfoot presented the city’s budget forecast Monday, saying the current budget will have a roughly $800 million shortfall. She says federal help will be needed as cities nationwide struggle.

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