City finance officials briefed aldermen on Wednesday on revenues and spending for the first two months of 2021.

Repaying more than $900 million in debt will likely be city budget and finance officials’ first priority for the estimated $1.9 billion in federal stimulus dollars Chicago stands to get from the American Rescue Plan, they said Wednesday.

Chicago Budget Director Susie Park and Chief Financial Officer Jennie Bennett briefed aldermen Wednesday on revenues and spending for the first two months of 2021 during a City Council Committee on Budget and Government Operations meeting. The presentation was described as the first quarterly report on the current year budget, but Park and Bennett only included data for January and February.