Chicago is staring down a $1.1 billion budget deficit next year, and to effectively address it, we will have use a variety of tools to position the city for both the short and long term. Beyond the deep structural issues of a transit system grappling with potentially devastating service cuts and grossly underfunded Chicago police and fire pension funds , the city is heading into this fall’s budget season contending with pandemic relief funds drying up at the same time the federal government continues to slash funding, among other challenges.

It is critical for the city and all of us who have a stake in the short- and long-term viability of Chicago to take a hard look at where we stand and stabilize revenues and expenses for the future. Chicago has a long history of looking to year-t

See Full Page