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Chicago Sun-Times
Chicago Sun-Times
National
Fran Spielman

Worst-case scenario: Chicago budget gap could reach $1.9 billion by 2026

Even under the rosiest of projections, the gap between Chicago’s expenses and revenues would be nearly $800 million within three years. (Sun-Times file)

Chicago’s budget shortfall could skyrocket to $1.9 billion by 2026 if the economy takes a nosedive — and even under the rosiest scenario, the gap between revenues and expenses would be $789 million by then.

Mayor Brandon Johnson’s three-year budget forecast is a far cry from the rosy picture painted by his predecessor, Lori Lightfoot, on her way out the door.

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