Chicago Faces $1.2 Billion Budget Shortfall in 2021: Lightfoot

By artappraiser on Wed, 09/02/2020 - 3:23pm |

includes interview with mayor and budget director

Chicago Faces $1.2 Billion Budget Shortfall in 2021: Lightfoot | Chicago News | WTTW https://t.co/NCeWigXxiB
— Ron (@RonDeLord) September 2, 2020

URL:

https://news.wttw.com/2020/08/31/chicago-faces-12-billion-budget-shortfall-2021-lightfoot

1024 reads

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New York City could face a big budget shortfall if some of the pandemic departees stay away. Lower rents are a relief to most people but real estate is a big tax contributor. https://t.co/AOIc4AXmLq
— populyst (@sami_karam) June 30, 2020

throw this in the mix

Re: future of cities https://t.co/fGRPJuhWrC
— Claire KB (@ckboychuk) August 30, 2020

and the lack of revenue from tourist and commuter taxes which are major in NYC (very large hotel, transit, entertainment taxes, etc.)

there is going to be an incredible crash as to revenue coming in

by artappraiser on Wed, 09/02/2020 - 3:36pm

campaign sound and fury Trump Moves to Cut Federal Funding From Democratic Cities The president directed officials to identify “anarchist jurisdictions” and move to withhold funds as he tries to build his campaign around the unrest that has accompanied racial justice protests.

Cuomo with a one Queens guy to another threat to Trump about needing an army if he "thinks he's going to walk down the street" in NY. https://t.co/rBlytng9yw
— Maggie Haberman (@maggieNYT) September 3, 2020

I wonder if this is approved by political advisors or is just shooting off this mouth, to me it might have blowback potential along the lines of communal punishment

by artappraiser on Wed, 09/02/2020 - 11:43pm

Chicago Faces $1.2 Billion Budget Shortfall in 2021: Lightfoot

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