Journal of the Proceedings of the City Council of the City of Chicago - October 23, 2013
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Source: Journal of the Proceedings of the City Council of the City of Chicago
10/23/2013
SPECIAL MEETING
63107
together with the Budget Recommendations, Draft Action Plan, and Overview for fiscal year 2013, Referred to the Committee on the Budget and Government Operations:
OFFICE OF THE MAYOR
CITY OF CHICAGO
October 23,2013.
To the Honorable, The City Council of the City of Chicago:
LADIES AND GENTLEMEN -- I transmit herewith the proposed 2014 Budget recommendations and the Year XL Community Development Block Grant recommendations.
Your favorable consideration of these items will be appreciated.
Very truly yours, Signed
RAHM EMANUEL, Mayor.
BUDGET ADDRESS OF
THE HONORABLE RAHM EMANUEL, MAYOR.
Council President Pro Tempore Laurino, Vice Mayor Suarez, Budget Committee Chairman Austin, Finance Committee Chairman Burke, Members of the City Council and Honored Guests:
It is my privilege to come before you today to present our proposed city budget for 2014.
Before I talk about where were going, let us remember how far weve come in righting our financial ship in a very short time.
Just three years ago, this administration and this Council were on course for a deficit of 790 Million Dollars for this coming year. In the last two budgets, weve managed to cut that structural deficit by more than half -- to 339 Million Dollars today.
While still too large, it is the smallest deficit Chicago has faced in the past five years.
