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The Latest Breaking News from Annette Guzman

City preparing to ‘right-size’ migrant shelters due to budget constraints

Ald. Andre Vasquez (40th), chair of the City Council’s Committee on Immigrant and Refugee Rights, said Deputy Chief of Staff Cristina Pacione-Zayas told him late last month of the city’s plan to, as she put it, “right-size” the migrant shelter system without offering details.

Chicago Sun-Times

City taps $95M in federal COVID-19 relief funds for migrant housing costs

Mayor Johnson’s top aides acknowledged that an accounting shift made possible by a budget surplus won’t move the needle in a crisis pushing city resources to the limit.

Chicago Sun-Times

Civic Federation urges City Council to devise contingency plan for migrant funding

The $150 million in Mayor Brandon Johnson’s $16.6 billion budget is only “half of the projected amount necessary to care for asylum seekers,” the Civic Federation noted in its annual review of the city budget.

Chicago Sun-Times

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City counting on state, federal funds to handle migrant crisis — or reserves could be at risk

A top official said Chicago could be forced to raid its reserves, even though that would almost certainly cause Wall Street rating agencies to reduce the bond rating, increasing how much it costs the city to borrow money.

Chicago Sun-Times

Brandon Johnson’s budget address reveals how Chicago plans to address crime, migrant crisis and property taxes

The mayor presented $16.6 billion 2024 city budget to the City Council today. Here’s how he wants to use taxpayer money.

Chicago Sun-Times

Chicago facing 2024 budget shortfall of $538 million — more than a third of it tied to migrant crisis

Mayor Brandon Johnson didn’t take his predecessor’s word for it when Mayor Lori Lightfoot said she’d left the city in great financial shape, with an $85 million shortfall. And it’s a good thing the new mayor was skeptical, his top aides told some City Council members in a budget briefing.

Chicago Sun-Times

Chicago’s pension crisis worsens with investment losses

Losses from the market downturn were offset somewhat by taxes on sales, transactions, restaurants and amusements, the 2022 financial report from Deloitte & Touche says.

Chicago Sun-Times

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Brandon Johnson not taking Lori Lightfoot’s word on city finances

With his financial team now in place, the new mayor will do his own forecast and hold several community meetings next month. His predecessor’s “midyear” budget forecast in April claimed an $85 million shortfall — among the lowest in recent Chicago history.

Chicago Sun-Times

Brandon Johnson fleshes out senior staff, shows continued influence of Preckwinkle, Chicago Teachers Union

Annette Guzman, budget director for Cook County, will be city budget director under Johnson. Jennifer Johnson, chief of staff at the CTU, where Brandon Johnson has been a paid organizer, will serve as deputy mayor for education.

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