CHICAGO — The Chicago City Council is expected to approve Mayor Lori Lightfoot’s $12.8 billion budget for 2021 this week.
The budget, heavily affected by the COVID-19 pandemic, calls for a mix of tax hikes, debt refinancing and elimination of vacant positions.
Lightfoot’s budget aims to fill a $1.2 billion gap in the city’s budget, worsened by the pandemic.
The City Council’s budget committee passed Lightfoot’s proposal last week by a vote of 26 to 8.
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November 23, 2020 at 08:15AM