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  • LIGHTFOOT SPEEDS UP 2022 BUDGET DELIBERATIONS, DELAYS DECISION ON HOW TO SPEND FEDERAL RELIEF FUNDS

Lightfoot speeds up 2022 budget deliberations, delays decision on how to spend federal relief funds

JUNE 29, 2021 | by Heather Cherone | WTTW-TV NEWS (ILLINOIS)

By Heather Cherone, includes “… The delay comes as city officials wait for U.S. Treasury Department officials to decide whether they will give Lightfoot the green light to use $465 million in federal funds to pay off the high-interest debt the city incurred to balance its 2020 and 2021 budgets, which were decimated by the COVID-19 pandemic.” (Note: Government accounting standards facilitate "balancing" government budgets by borrowing money. TIA is working to change those standards.)

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