Chicago Budget Director Annette Guzman Departs as $100 Million Shortfall Nears Budget Season
Updated
Updated · WLS-TV · Aug 4
Chicago Budget Director Annette Guzman Departs as $100 Million Shortfall Nears Budget Season
3 articles · Updated · WLS-TV · Aug 4
Summary
Annette Guzman is leaving Mayor Brandon Johnson's City Hall team, with deputy Jonathan Ernst set to serve as acting budget director ahead of fall budget talks.
Her exit follows chief financial officer Steven Mahr's departure last week and comes just after a midyear update projected nearly a $100 million city budget shortfall.
The loss of another veteran finance official leaves Johnson without a key money manager as Chicago prepares to host investors while its bonds sit near junk status.
Johnson is expected to face questions Tuesday about the turnover, which lands six months before the mayoral election and at a critical point in the budget cycle.