CITY OF CHICAGO

2011
PRELIMINARY BUDGET ESTIMATES

Richard M. Daley, Mayor

Office of Budget and Management
July 30, 2010
 July 30, 2010

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,

The estimated 2011 shortfall is due to the anticipated

PLOOLRQGURSLQUHYHQXHVEURXJKWRQE\WKHRQJR-
ing negative impact of the national recession combined Eugene L. Munin
with the loss of non-recurring revenue streams that were Director
DSSOLHGLQSULRU\HDUVDQGPLOOLRQLQHVWLPDWHG 2IÀFHRI%XGJHWDQG0DQDJHPHQW
increased expenditures.
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 CORPORATE FUND SUMMARY
2010 Year-End Estimates

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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