re: Chicago Faces $1.2 Billion Budget Shortfall Following Catastrophic Economic Collapse

Was on chi ..June of last year and picked up a newspaper to get a feel for local stuff. There was an Article about the mayor needing to raise taxes due to 750 to 800 mil shortfall. Not sure if the 1.2B is a continuation of that 800m but i thought to myself. You have a a shortfall if its 25...30M maybe 50m. 800 million isnt a shortfall that's theft incompetence and much more