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

The new mayor’s “multi-faceted approach” to closing the gap calls for “expenditure review, revenue enhancement measures and potential reallocation of resources,” the press release stated. The press release doesn’t mention his plan to ask the City Council to repeal the automatic escalator. It simply emphasizes his focus on “minimizing the impact on vital public services and ensuring that the burden of closing the budget gap is borne as fairly as possible.”