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City’s 2020 budget gap now totals $700 million

JUNE 10, 2020 | by A.D. Quig | CRAIN’S CHICAGO BUSINESS

By A.D. Quig, includes “… City revenue losses in March and April were $175 million, and officials expect to have seen a similar loss in May. ‘All options, including raising property taxes and layoffs, have to remain on the table,’ the mayor said. ‘Those are the last choices and tools that I want to use, but I can't take any of them off the table.’ …”

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