The annual city budget contains the revenues, expenditures and liabilities of the City for the next fiscal year. Illinois law (Chapter 65 ILCS 5/8-2-1) requires that the City Council adopt their annual budget on or before December 31 of the previous year.
The Budget Process
Each year the City Council approves a corporate budget, formally known as the Annual Appropriation Ordinance. This document contains the expenditures and liabilities of the City and specifies the appropriations for the next fiscal year (Jan. 1 – Dec. 31).
Departments submit revenue and expenditure estimates to the Office of Budget and Management for preparation of the budget. Before August 1 of each year, the Budget Director files the next year’s Annual Financial Analysis Report with the City Clerk outlining the City’s fiscal projection (Mayoral Executive Order 2011-7). In accordance with Illinois law, the Mayor is required to submit his Executive Budget recommendations for City Council consideration (65 ILCS 5/8-2-2). Once introduced the budget is immediately sent to the City Council Committee on Budget and Government Operations for review. Prior to final consideration and under State law, the full City Council will hold at least one public hearing to give citizens’ an opportunity to speak on the proposed budget.
After considering any amendments or adjustments, the City Council must then vote to approve a final balanced budget no later than Dec. 31 of each year.
2013 City Budget Documents
|2012 Annual Financial Analysis||What’s This?||Download PDF|
|Mayor’s Budget Address (October 2012)||What’s This?||Download PDF|
|2013 Budget Recommendations (October 2012)||What’s This?||View Online|
|2013 Budget Overview (October 2012)||What’s This?||View Online|
|2013 Draft Action Plan (October 2012)||What’s This?||View Online|
|Annual Appropriations Data Set||What’s This?||View Online|
2013 Budget Consideration Calendar
2012 Annual Financial Analysis
The Annual Financial Analysis outlines the City’s fiscal projection.
Mayor’s Budget Address
The Mayor’s Budget Address contains the remarks given to the full City Council on the proposed 2013 City budget.
2013 Budget Recommendation
The 2013 Budget Recommendation contains details of expenditures by funding source in both a line item and programmatic summary.
2013 Budget Overview
The 2013 Budget Overview is an overview of the recommended budget including the following:
- a message from the Mayor and Budget Director
- a summary of balancing the proposed Corporate Fund budget and the highlights of the recommended budget
- a profile of the city, a statement of financial policies
- summary information on recommended budget expenditures and personnel spending
- estimate of grant revenues
- summary of City’s Capital Improvement Plan
- Glossary of Terms
- Detailed revenue estimates for both current and upcoming fiscal years
- Listing of revenues received by the City for the preceding five years
- Illustrations of the City’s income generated by taxes, borrowing investment income, land sales, user charges and Federal and State grants
2013 Draft Action Plan
The 2013 Draft Action Plan is an analysis of the needs of low- and moderate-income communities, including an assessment of housing and homelessness needs; a housing market analysis; a statement of strategies, priority needs and objectives (“Five-Year Plan”); a one-year implementation plan (“Action Plan”) and various program certifications required under federal law.
Annual Appropriation Data Set
The Annual Appropriation Data Set is available through the City of Chicago’s Data Portal. It allows users to view, filter, and sort line-item budget recommendations proposed by the Mayor.