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Mayor Lightfoot’s 2021 budget rescued by risky borrowing

OCTOBER 22, 2020 | CHICAGO TRIBUNE

Editorial, includes “Lightfoot’s budget blueprint for the rest of this year and next year might not look painful to the average Chicago taxpayer. But it relies heavily on expensive borrowing … it does not make lasting changes to the tax-and-spend policies that drive deficit spending. … She and her team believe borrowing long term for short-term expenses is a fix … Trouble is, that’s the way Chicago has budgeted for decades …” 

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