Chicago Budget Director Susie Park gives a presentation on the Chicago Police Department’s $1.7 billion budget during a hearing on Thursday.

A city financial analyst pinpointed about $55 million he said can be shaved from the Chicago Police Department budget as the city faces a combined $2 billion budget deficit for 2020 and 2021. But as the city works to negotiate a new contract with its rank-and-file police union, most of those savings likely can’t be realized next year, officials said Thursday.

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