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City of Chicago FY2021 proposed budget: Analysis and recommendations

NOVEMBER 17, 2020 | THE CIVIC FEDERATION (ILLINOIS)

Includes “The Civic Federation offers our qualified support for Mayor Lightfoot’s proposed FY2021 local funds budget of $9.8 billion. It is reasonable within the context of the extreme uncertainty surrounding the pandemic crisis … Our support is qualified because the Federation cannot independently verify the City’s contention that the extraordinarily large debt restructuring it will rely on to close its FY2020 and FY2021 deficits is sustainable.”

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