BUDGET REVIEW ORDINANCE

WHEREAS, The City of Chicago Full Budget totals $5.9 billion dollars in 2009 and the
residents of the City of Chicago need to have a a better understanding of revenues and
expenditures 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 budget
hearings; 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 amount
of time and information available to review Asset Lease contracts, such as the Parking Meter
contract, and

WHEREAS,The City of Chicago is committed to promoting transparency, openness and

accountability in government; and

WHEREAS, Achievement of these laudable goals will be greatly enhanced if essential

documents pertaining to the City Budget are presented in sufficient detail to allow
reasonable evaluation, review and analysis of the current budget and the proposed 2010
Budget; and

WHEREAS, The City Council needs sufficient time to responsibly review and analyze
the 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 of
this 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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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 Waguespack
Alderman, 32nd Ward

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