Chicago aldermen on Tuesday narrowly approved Mayor Lori Lightfoot’s $12.8 billion “pandemic budget” for 2021, a package that will fund city government through the next fiscal year while closing a projected $1.2 billion budget deficit fueled by coronavirus pandemic-driven revenue losses to municipal coffers. Among other things, the package includes a $94 million property tax hike, as well as increases in fees and fines. Here are five things to know.
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