City of Chicago

2011
PRELIMINARY BUDGET ESTIMATES

Richard M. Daley, Mayor

Office of Budget and Management
July 30, 2010

City of Chicago
Richard M. Daley, Mayor
Office of Budget and Management
Eugene Munin
Budget Director
City Hall, Room 604
121 North LaSalle Street
Chicago, Illinois 60602
(312) 744-3323
(312) 744-3618 (FAX)
(312) 744-3619 (TTY)
http://www.cityofchicago.org
July 30, 2010
To the Mayor and Members of the City Council:
In accordance with Executive Order 89-2, the Budget
Director submits herewith a report consisting of a bal-
ance sheet summary with estimates of assets and liabili-
ties as of January 1, 2011; estimates of taxes to be levied
and other revenue to be received during 2011; and such
other information as may enable the corporate authorities
to understand the demands upon the municipality.
An analysis of revenues and expenditures through the
remainder of 2010 indicates that the Corporate Fund is
projected to end the fiscal year with a balance of $60
million above the original forecast. This was achieved as
the result of $3 million in estimated year-end resources
exceeding the original budget and $57 million in net
expense reductions. As a consequence, the City intends
to borrow $60 million less from reserves to close 2010.
For fiscal year 2011, the Office of Budget and Manage-
ment anticipates a shortfall in the Corporate Fund in the
amount of $654.7 million.
The estimated 2011 shortfall is due to the anticipated
$447.9 million drop in revenues brought on by the ongo-
ing negative impact of the national recession combined
with the loss of non-recurring revenue streams that were
applied in prior years and $206.8 million in estimated
increased expenditures.
The 2011 expenditure growth is largely due to contractu-
al pay increases for sworn personnel, debt service obli-
gations and overall increases in employee and annuitant
health care costs.
We will continue to closely monitor revenue sources
and economic trends to aid in the forecasting of 2011
economically sensitive revenues. We expect, however,
that revenues will continue to be far below their peak
levels in 2007.
A series of public, aldermanic and departmental hearings
is planned for the months ahead. The Office of Budget
and Management will work closely with residents,
members of the City Council and the leadership of
City departments to ensure that any potential efficiencies
and additional cost-cutting measures are recognized.
Through this process we will prepare a balanced budget
that continues to meet the needs of all Chicagoans.
Sincerely,
Eugene L. Munin
Director
Office of Budget and Management
Page: 1
Page: 2
Page: 3
 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%

Page: 4
Page: 5
Page: 6
 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%

Page: 7
Page: 8
Page: 9
Page: 10
Page: 11
Page: 12
Page: 13
Page: 14
Page: 15
Page: 16
Page: 17
Page: 18
Page: 19
Page: 20
Page: 21
Page: 22
Page: 23
Page: 24
Page: 25
Page: 26
Page: 27
Page: 28
Page: 29
Page: 30
Page: 31
Page: 32
Page: 33
Page: 34
Page: 35
Page: 36
Page: 37
Page: 38
Page: 39
Page: 40
Page: 41
Page: 42
Page: 43
Page: 44
Page: 45
Page: 46
Page: 47
Page: 48
Page: 49
Page: 50