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'No silver bullet’: Aldermen start confronting massive budget shortfall

SEPTEMBER 22, 2020 | by Heather Cherone | WTTW-TV (CHICAGO)

By Heather Cherone, includes “Chicago’s chief financial officer warned aldermen Monday that taxing big firms and financial transactions would not help dig the city out of a massive budget hole caused by the coronavirus pandemic. … Chief Financial Officer Jennie Huang Bennett told members of the City Council’s Finance Committee on Monday that several measures long favored by progressive aldermen and groups would do more to hurt than to help the city’s dire financial condition.” 

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