Bloomberg
This article covered Chicago Mayor Lori Lightfoot's budget address, in which she presented her recommendation for the City's FY2020 budget. Civic Federation President Laurence Msall said that the proposal was a "strong effort" to close a more than $800 million gap. However, Mr. Msall also raised concerns that a number of the Mayor's proposed gap closing measures rely on authorization from the Illinois General Assembly and Governor in Springfield.
Related Coverage:
Reuters: Chicago mayor avoids property tax hike to fill big budget hole
Associated Press: As teachers strike, Chicago mayor offers $838M deficit fix
POLITICO Illinois: Lightfoot's Budget Bonanza
Chicago Sun-Times Editorial: As teachers strike, the grim reality of Chicago’s finances sets in
Crain's Chicago Business: Will Springfield help Chicago meet its budget? Aldermen are wary.
Chicago Tribune: The Spin: About Mayor Lightfoot’s proposed property tax hike
Chicago Sun-Times: Lightfoot says budget balanced through ‘hard choices,’ but ‘cooperation’ needed from state lawmakers to avoid property tax hike
WGN: Lightfoot says ‘balanced’ budget takes on $838M deficit without large property tax hike