Mayor Lori Lightfoot outlined her 2021 budget this year. Here are 5 things you need to knowFacing a $1.2 billion budget shortfall next year, Mayor Lori Lightfoot outlined her spending blueprint for the 2021 fiscal year. Her budget plan calls for last-ditch cuts and tax hikes to attempt to right Chicago’s fiscal ship after the coronavirus pandemic upturned city finances. The mayor must now sell her proposal to City Council. Here are some highlights.
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