by Penka Arsova
Chicago Mayor Lori Lightfoot announced this week that the city is estimated to have a $1.2 billion budget gap for 2021 citing the coronavirus pandemic.
What she said: Lightfoot called the 2021 city budget plan a “pandemic budget,” saying the shortfall reflects impacts of the measures introduced to stop the spread of the coronavirus as well as other consequences, such as reduced tourism, that came from the pandemic. She said revenue loss from the pandemic accounts for 65% of the city’s budget gap. In addition to the pandemic, Lightfoot also mentioned the protests against racism and police brutality that saw looting and destruction of businesses.