Chicago finances worsened by $2 billion during pandemic despite federal funds

Courtney Houtz  |  July 29, 2021

TIA press release, includes … “Although the city's grants and contributions increased from $497 million in 2019 to $1.17 billion in 2020 due to the CARES Act and other COVID-19 related grants, the city’s pension and retiree health care debt also continued to increase. … ‘Because of its dire financial condition going into the pandemic, aid from the federal government was needed to prop up the city’s finances,’ says Sheila Weinberg, founder and CEO of Truth in Accounting. …”

Read the full article on: American News Observer

comments powered by Disqus