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The CloutCast is a Chicago-based podcast from The Daily Line about politics and policy in Chicago, Cook County and the state of Illinois. Each episode, the Daily Line’s reporters delve into a host of topics ranging from budgets and redistricting to criminal justice and housing. Guests include policymakers, elected officials, lobbyists, organizers and reporters, who will share their insights and analysis. New episodes are released every two weeks.
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Sunday Oct 03, 2021
Understanding Chicago’s finances and the 2022 budget
Sunday Oct 03, 2021
Sunday Oct 03, 2021
Mayor Lori Lightfoot pitched her $16.7 billion budget plan for the 2022 Fiscal Year as an “investment in the success of generations to come.” But can the plan really help climb Chicago out of the financial hole it has been digging for decades? And will it position the city for financial stability after its $1.9 billion share of American Rescue Plan funding dries up? The Daily Line editor Alex Nitkin spoke to Chicago Chief Financial Officer Jennie Bennett, Budget Director Susie Park and Comptroller Reshma Soni about how they tried to build the mayor’s budget to stand the test of time. And Amanda Kass, associate director of the Government Finance Research Center at the University of Illinois at Chicago, shared her reactions to the mayor’s budget plan and delved into the history of how Chicago got stuck with its infamous pension crisis.
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