Citing ’catastrophic collapse’ of economy, Mayor Lori Lightfoot says Chicago faces $1.2 billion shortfall in 2021 ’pandemic budget’

Citing the “catastrophic collapse of our local and national economy” due to COVID-19 and damage to local businesses from civil unrest, Mayor Lori Lightfoot on Monday laid out a $1.2 billion budget shortfall for 2021 -- what she called Chicago’s “pandemic budget.”