Lightfoot: Chicago faces $733 million budget shortfall in 2022 Ryan Voyles 3 years ago The continued financial impact of the COVID-19 pandemic has Chicago looking at a revenue shortfall of $733 million next year, Mayor Lori Lightfoot said Wednesday.To access this content, you must purchase 1 Year Health News Illinois Subscription or 1 Year Group Subscription - Up to 5 Users, or log in if you are a member.