Chicago's debt

Chicago debt chart 2

With the help of the money from the federal government, Chicago city council passed Mayor Lightfoot’s coronavirus relief money. The Federal government gave Chicago $1.1 billion to help pay for COVID-19 related expenses, including the tax revenue the city is losing due to closures. Unfortunately $1.1 billion is not going to put a dent in the city’s $34.4 billion total debt. Each Chicago taxpayer would need to pay $34,100 to pay off the city’s debt.