Is this the new reality? We just pass three and four-week state budgets, because we have to have something, but we can’t agree on anything.

The City’s Comprehensive Annual Financial Report is out, and it shows unfunded holes possibly topping $700 million for next fiscal year. How to plug it? Garbage collection fees. Taxes on sugary drinks. Of course, property and sales taxes. And that’s just the City side of your tax bill. The County’s already dipping in for more, and just wait’ll you see how much the CPS is gonna ding you in the next few months. It’s a huge problem, and, as we’ve said before, not a problem that can be resolved by simply cutting assets and services.

Joining us this week to share their observations after covering Wednesday’s City Council meeting are WTTW’s Hunter Clauss and Aldertrack’s Claudia Morell.