Chicago Seeks New CFO, Warns of Layoffs After Budget Battle (1)

Chicago Mayor Brandon Johnson said he is confident the city will find a new finance chief and warned of possible layoffs by mid-year after a budget battle fueled concerns about revenue shortfalls.

Jill Jaworski, Chicago’s chief financial officer, is stepping down to join a nonprofit organization next month. The departure comes shortly after members of the city council passed an alternative budget that didn’t have the mayor’s blessing.

“I’m bracing for what could be mid-year layoffs, we warned people,” Johnson said at a press conference on Wednesday, without providing a specific number of how many civil servants could lose ...