8/14/2019 Budget Review Ordinance

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BUDGET REVIEW ORDINANCE

WHEREAS, The City of Chicago Full Budget totals $5.9 billion dollars in 2009 and theresidents of the City of Chicago need to have a a better understanding of revenues andexpenditures in light of repeated budget shortfalls;

WHEREAS, It is the tradition that the Mayor presents the annual Budget Address in October

along with a draft budget which is followed about a week later with two weeks of budgethearings; and

WHEREAS, These budget hearings are the only opportunity for the City Council to evaluate,review and analyze the current and proposed budgets; and

WHEREAS, The public and City Council have recently expressed concern over the amountof time and information available to review Asset Lease contracts, such as the Parking Metercontract, and

WHEREAS,The City of Chicago is committed to promoting transparency, openness andaccountability in government; and

WHEREAS, Achievement of these laudable goals will be greatly enhanced if essentialdocuments pertaining to the City Budget are presented in sufficient detail to allowreasonable evaluation, review and analysis of the current budget and the proposed 2010Budget; and

WHEREAS, The City Council needs sufficient time to responsibly review and analyzethe Budget documents prior to holding scheduled hearings on the 2010 Budget; now,therefore,

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO

SECTION I. The above recitals are expressly incorporated herein and made a part ofthis ordinance.

SECTION 2. Section 2 of the Municipal Code of the City of Chicago is hereby

amended by inserting the language underscored, as follows:

The Mayor or his designated representative shall provide the City Council with a

proposed budget for the next fiscal year, including a complete 9 month budget

reconciliation, not less than 4 weeks prior to the first scheduled budget hearing of

the City Council. All documents provided shall also be made available on the City

of Chicago website in a searchable format within 7 days of their release in printed

form.

SECTION 3. This ordinance shall take full force and effect immediately upon passage

and final signature.

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8/14/2019 Budget Review Ordinance

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BUDGET REVIEW ORDINANCE

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Pat Dowell Toni Preckwinkle

Alderman, 3rd Ward Alderman, 4th Ward

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Manuel Flores Ricardo Munoz

Alderman, 1st Ward Alderman, 22nd Ward

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Scott WaguespackAlderman, 32nd Ward

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