SUBSTITUTE ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The Municipal Code is hereby amended by adding a new chapter 2-53, as
follows:
Chapter 2-53 City Council Office of Financial Analysis
2-53-010 Establishment.
There is hereby established an office which shall be known as the Cily Council Office of Financial Analysis and which shall include the Council Financial Analyst, and such other assistants and employees as provided for In the annual appropriation ordinance.
2-53-020 Appointment, term of office, and qualifications.
(a) Upon a recommendation from the oversight committee established by this chapter,
the council financial analyst shall be appointed by a vote of two-thirds of all the members ofthe
city council.
The council financial analyst shall be appointed for a term of four years, but may be removed prior to the expiration of his term, at any time, with or without cause, by a two-thirds vote of all the members ofthe city council.
(b) The council financial analyst shall have the following minimum qualifications:
has a graduate degree in finance, economics, business or other relevant field;
has experience in municipal finance, or substantially similar equivalent experience; and
has not been employed by the city for a period of three years prior to the date of his appointment; and
has not been convicted of any felony under the laws ofthe state of Illinois, another state, or the United States.
(c) No council financial analyst or employee of the council office of financial analysis
may, during his employment: (1) hold, or become candidate for, any other elective or appointed
public office except for appointments to governmental advisory boards or study commissions or
as otherwise expressly authorized by law; or (2) actively participate in any campaign for any
elective office.
2-53-030 Powers and duties.
The council financial office and council financial analyst shall have the following duties and no others: to provide member...
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