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Lightfoot's Chicago Sees $1.2 Billion Shortfall Due to 'Catastrophic' Economic Collapse Stemming From Riots

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When are the people of Chicago (and other radically far-left cities) going to acknowledge that Democrat “leadership” brings about nothing but pain and anxiety? (And anarchy?)

Wake up before it’s too late, y’all.

From TDW:

Chicago’s mayor, Lori Lightfoot, announced Tuesday that the city is facing a historic $1.2 billion budget shortfall for the fiscal year 2021, following what the mayor called a “catastrophic” economic collapse caused by the coronavirus pandemic and by widespread rioting and looting that did an estimated $60 million in physical damage to the city’s downtown and untold damage to its tourism industry.

“Saying Chicago faces ‘a crisis unlike anything we have experienced in our lifetimes,’ Mayor Lori Lightfoot painted a grave financial picture for the city on Monday, detailing a projected $1.2 billion budget shortfall in the 2021 fiscal year,” Chicago’s public broadcasting station, WTTW reported.

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CONTINUED:

“On top of that colossal shortfall, the city’s financial picture worsened significantly during the past three months because of an ‘economic catastrophe caused by the coronavirus pandemic,’” Lightfoot said according to the outlet. “The city’s budget for the current fiscal year is now $799 million in the red, she said.”

Lightfoot added that “all options are on the table,” though she refused to get into specifics. In the past, the city has proposed a computer lease tax, a streaming services tax, and a higher restaurant and entertainment tax as stopgap measures for budget shortfalls. This shortfall, though, is so unprecedented, the city is likely to consider more extreme measures, like a property tax hike.

What happened on Saturday in Chicago near a statue of Christopher Columbus is just horrible. 18 cops were injured in the melee.

VIDEO:

Here’s proof that this was a coordinated attack on cops…

ANOTHER:

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AND ANOTHER:

Just awful!

Where is Joe Biden to comment on this? He knows these are the people who will vote for him in November.

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About the Author:
John Salvatore has been a Writer and Editor of multiple political blogs since early 2015. He earned his Master’s degree in Public Administration upon completion of a Bachelor’s degree in Political Science. A diehard Los Angeles Dodgers fan, John can be reached at [email protected]




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