Flush with federal aid, city finance officers offer optimistic outlook

Bill Lucia  |  January 14, 2022

By Bill Lucia, includes “… Jennie Huang Bennett, Chicago's CFO, said that after Covid struck, the city was facing lost revenues in the ballpark of $1.5 billion in 2020 and 2021, on top of earlier financial difficulties. But she said that the losses from the pandemic were largely one-time hits and federal aid has helped bridge the city's path to recovery, and to support investments in low-income neighborhoods.” 

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