Chicago Mayor Lori Lightfoot outlined an $11.65 billion city spending plan for 2020 aimed at erasing an $838 million budget deficit. The plan relies on new money from taxes on ride-shares, dining and legal marijuana, as well as an increase in revenue from property transfer taxes.
Lightfoot’s plan also calls for refinancing city debt, cutting vacant jobs and tapping additional revenue from tax increment financing districts, among other things. The city also would allocate additional money to fund violence-prevention efforts, mental health and providing more housing options for the city’s homeless and low-income residents.
Ted Dabrowski, president of Wirepoints.org, reviews Mayor Lori Lightfoot’s budget address with Dan & Amy