About City Government & the Chicago City Council, Department of Health Orders Regarding COVID-19, For additional information, please visit the. Nearly 100,000 people participated in budget-related discussions and provided instructive feedback that guided the City through the budget process. Along with these reforms to government operations, savings and efficiencies, this budget includes nearly $185 million in increased revenues and reserves for FY2021. These resources will support the expansion of violence prevention and domestic violence programming, provide funding for high risk youth and launch of the co-responder model pilot that would involve trained mental health professionals, community paramedics and Crisis Intervention Team-trained police officers co-responding to certain 911 calls. The site is secure. Even under challenging conditions, the City remains committed to investing in the future of our residents and businesses, and more than $18.6 million in new investments are included in the 2021 budget. CHICAGO — Mayor Lori E. Lightfoot presented to City Council today the 2021 Budget Recommendations – a fiscally responsible spending plan that leads the City along the road to recovery from the economic downturn caused by the COVID-19 pandemic. CHICAGO — Mayor Lori E. Lightfoot presented to City Council today the 2021 Budget Recommendations – a fiscally responsible spending plan that leads the City along the road to recovery from the economic downturn caused by the COVID-19 pandemic. The $12.8 billion budget proposal, which was crafted during one of the most difficult times in our City’s history, includes closing a $1.2 billion Corporate Fund budget deficit in FY2021 – 65 percent of which is directly tied to the economic impacts of COVID-19. Before sharing sensitive information, make sure you're on a City of Chicago government site. After negotiating better healthcare rates, realizing savings from prior year audits and finding additional savings from union negotiations, the City also generated an additional $54 million in healthcare savings without reducing benefits. 2021 BUDGET FORECAST LETTER FROM THE MAYOR My Fellow Chicagoans, It is my great honor to present to you the City of Chicago’s 2021 Budget Forecast - an overview of the City’s revenues and expenditures and a snapshot of the City’s overall ﬁnancial health. spaces. Fiscally responsible spending plan identifies key reforms, savings and efficiencies; targeted investments to help restore the Cityâs fiscal health and support Chicagoâs recovery from COVID-19, Permit for Business ID and Advertising Signs, Vital Records from the Cook County Clerk's Office, AIC (Annual Inspection Certification) Inspections, Economic Disclosure, Affidavit, Online EDS, One Good Deed Chicago Volunteer Opportunities, City Council Office of Financial Analysis, The Great Lakes and St. Lawrence Cities Initiative, Mayor Lightfoot Releases 2021 Budget Proposal. Together with a loss of collection adjustment on the levy for pensions not previously budgeted, the $93.9 million proposed tax levy increase represents an estimated impact of approximately $56 annually on a median home valued at $250,000. Please call ahead or visit any department's website to get additional details, or visit chicago.gov/covid-19. 2021 Chicago Budget Portal. The following documents were passed by the City Council at its regular meeting held on Wednesday, November 26, 2019: 2021 Budget Address delivered by Mayor Lori E. Lightfoot, 2021 Departmental Budget Hearing Schedule, Resolution Setting Date and Time of Public Hearing on 2021 City Budget (R2020-813), Budget Director’s Communication Regarding Estimated 2021 Aggregate Property Levies (F2020-62), For additional information, please visit the Office of Budget & Management. The refinancing transaction will take advantage of current low interest rates to refinance outstanding debt with a higher interest rate to a lower interest rate which will offset the cost of the debt restructuring that will generate the budgetary relief. Visit this page to view a video about the City of Chicago Budget, find out about Town Hall meetings and read the 2021 Budget Forecast documents. MENU ... 2021 BUDGET. To build on community investments made in 2020, this budget will provide an additional $1.7 million for youth programming, $2.0 million in new funding for affordable housing and $7.0 million for economic recovery efforts to support workforce training, help small businesses build capacity and assist with job creation and recruitment.