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2011 Prelim City Budget Final
2011 Prelim City Budget Final
2011
PRELIMINARY BUDGET ESTIMATES
City of Chicago To the Mayor and Members of the City Council: The 2011 expenditure growth is largely due to contractu-
Richard M. Daley, Mayor
al pay increases for sworn personnel, debt service obli-
Office of Budget and Management In accordance with Executive Order 89-2, the Budget gations and overall increases in employee and annuitant
Eugene Munin Director submits herewith a report consisting of a bal- health care costs.
Budget Director
ance sheet summary with estimates of assets and liabili-
City Hall, Room 604 ties as of January 1, 2011; estimates of taxes to be levied We will continue to closely monitor revenue sources
121 North LaSalle Street and other revenue to be received during 2011; and such and economic trends to aid in the forecasting of 2011
Chicago, Illinois 60602
(312) 744-3323 other information as may enable the corporate authorities economically sensitive revenues. We expect, however,
(312) 744-3618 (FAX) to understand the demands upon the municipality. that revenues will continue to be far below their peak
(312) 744-3619 (TTY)
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http://www.cityofchicago.org
An analysis of revenues and expenditures through the A series of public, aldermanic and departmental hearings
remainder of 2010 indicates that the Corporate Fund is LVSODQQHGIRUWKHPRQWKVDKHDG7KH2IÀFHRI%XGJHW
SURMHFWHGWRHQGWKHÀVFDO\HDUZLWKDEDODQFHRI and Management will work closely with residents,
million above the original forecast. This was achieved as members of the City Council and the leadership of
WKHUHVXOWRIPLOOLRQLQHVWLPDWHG\HDUHQGUHVRXUFHV &LW\GHSDUWPHQWVWRHQVXUHWKDWDQ\SRWHQWLDOHIÀFLHQFLHV
H[FHHGLQJWKHRULJLQDOEXGJHWDQGPLOOLRQLQQHW and additional cost-cutting measures are recognized.
expense reductions. As a consequence, the City intends
WRERUURZPLOOLRQOHVVIURPUHVHUYHVWRFORVH Through this process we will prepare a balanced budget
that continues to meet the needs of all Chicagoans.
)RUÀVFDO\HDUWKH2IÀFHRI%XGJHWDQG0DQDJH-
ment anticipates a shortfall in the Corporate Fund in the
DPRXQWRIPLOOLRQ Sincerely,
RESOURCES EXPENDITURES
$3,182.7 million $3,122.7 million
General Services
All other Departments 2.9%
Non-Tax Revenue Utility Taxes Streets and Sanitation
10.3% 5.6%
15.2% 14.7%
Transportation
2.3%
Fire
15.6%
Finance General
Other Local Taxes Sales Tax 19.0%
Emergency
17.7% 15.1%
Management and
Communication
2.5%
Income Tax
6.9%
Reimbursements
8.8% Fleet
Proceeds & Transfers Management
7.3% 2.6% Police
Parking Meter Budget
Stabilization Fund Borrow from 39.2%
“Rainy Day” Advance Parking Parking Meter
3.2% Meter Mid-Term Long-term service
3.1% 7.9%
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CORPORATE FUND SUMMARY
2011 Projected
RESOURCES EXPENDITURES
$2,731.8 million $3,386.5 million
General Services
All other Departments 2.7%
Streets and Sanitation
Non-Tax Revenue Utility Taxes 10.1% 5.5%
18.4% 17.6%
Transportation
2.3%
Fire
14.4%
Finance General
21.2%
Emergency
Sales Tax Management and
17.8% Communication
2.4%
Other Local Taxes
20.6%
Fleet
Management
Income Tax 2.4% Police
8.3%
39.0%
Reimbursements Proceeds & Transfers
10.4% 6.9%
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