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Chicago Sun-Times

National

Fran Spielman

City counting on state, federal funds to handle migrant crisis — or reserves could be at risk

Annette Guzman Brandon Johnson Chicago Jason Lee Richard M Daley Council

Chicago City Hall, with the Board of Trade building in the background. (Sun-Times file)

Without a major infusion of state and federal funding for the migrant crisis, Chicago may have no choice but to raid its reserve funds, endangering the city’s bond rating, a top mayoral aide warned Tuesday.

Budget Director Annette Guzman brought up the reserve funds when asked where Mayor Brandon Johnson would turn first if the $150 million Johnson has earmarked for the care and feeding of asylum-seekers in 2024 runs out.

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