Mayor Lori Lightfoot’s pre-election budget includes a revised, $305.7 million shortfall — $561 million below earlier estimates — thanks to held-over federal relief funds and an improving economy, top mayoral aides said Wednesday.
The three women who ride herd over city finances delivered their quarterly report to the City Council’s Committee on Budget and Government Operations, as required by a 2021 ordinance championed by downtown Ald. Brendan Reilly (42nd). The ordinance also mandates monthly reports on anticipated revenues.
