Chicago struggles financially despite federal cash, watchdog says

The Center Square  |  July 14, 2021

Includes “Despite an influx of federal taxpayer dollars going to the city of Chicago during the COVID-19 pandemic, an analysis of the city’s finances by Truth In Accounting said the city’s position worsened. The city saw federal funds of nearly $1.2 billion during the previous fiscal year. But the city’s debts continued to increase, the group says. By Truth In Accounting’s review, the city needs $38.7 billion to pay its bills.”

Read the full article on: KPVI News (Illinois)

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