OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR
July 30, 2019
—»J. j ~< o
IS*
S3
CO CD
"TJ
zx tn
CO
Anna Valencia City Clerk
Room 107, City Hall Chicago, IL 60602
Dear Ms. Valencia:
I transmit herewith for filing Executive Order No. 2019-3, which I have signed this date. Your prompt attention to this matter is appreciated.
Executive Order No. 2019-3
WHEREAS, Protecting the health and safety of all residents of the City of Chicago; continuing to strengthen communities, neighborhoods and schools; maintaining infrastructure and public spaces; and fostering a vibrant local economy requires that the government of the City ("City") be fiscally sound; and
WHEREAS, Securing and maintaining the City's fiscal health requires a regular review of its revenues and expenditures; examination of its historic financial performance and the factors driving the broader economy; and evaluation of any changes that will affect the City's budget and finances; and
WHEREAS, The Budget Forecast required by this Order will provide the City of Chicago's residents with an analysis that identifies the opportunities and challenges of the coming budget year; and
WHEREAS, The City is committed to transparency and accountability in the reporting of its overall financial status; and
WHEREAS, This Order sets forth the manner in which the City will communicate its current and future financial health for the benefit of its leadership and residents, and provides a framework for developing the City's Annual Budget; now therefore,
I, LORI E. LIGHTFOOT, Mayor of the City of Chicago, do hereby order as follows:
Following publication of the City's Comprehensive Annual Financial Report ("CAFR"), the Office of Budget and Management ("OBM") shall prepare a budget and financial analysis ("Budget Forecast") consistent with this Order that will provide a framework for the development of the City's Annual Budget. OBM shall develop the Budget Forecast with input from the Chief Financial Officer ...
Click here for full text