City Of Chicago's Budget Shortfall
City Of Chicago's Budget Shortfall

CBS 2 Political Investigator Dana Kozlov reports, it's called a "fiscal mountain that we must climb," Mayor Lori Lightfoot on Monday projected an $800 million budget shortfall for the rest of 2020, and a $1.2 billion deficit for next year, as the COVID-19 pandemic continues to take a severe toll on the city's tax revenues.