The Chicago Police Department spent at least $210.5 million on overtime, 56% more than in 2021 and more than double the $100 million earmarked for police overtime set by the Chicago City Council as part of the city’s 2022 budget, according to data obtained by WTTW News.
Chicago Budget
With less than two months until Election Day, Mayor Lori Lightfoot touts the $16.4 billion spending plan she crafted as a “stability budget” for a city enjoying a faster than expected recovery from the COVID-19 pandemic. Here’s what it does.
The budget takes effect Jan. 1, 2023, approximately two months before Mayor Lori Lightfoot is set to ask voters for a second term as Chicago mayor, does not include a property tax hike to keep up with the soaring rate of inflation, or any other tax or fee hikes.
Representatives of the city’s Department of Transportation and the Budget Office declined to provide WTTW News with a full breakdown of spending during 2021 and 2022 under the banner of Chicago Works.
Mayor Lori Lightfoot’s plan to close a projected $170.6 million budget gap in 2023 relies on booming tax revenues that she said proves Chicago’s budget has fully recovered from the economic catastrophe caused by the COVID-19 pandemic.
The last time the salary paid to Chicago’s mayor changed was in 2006, under former Mayor Richard M. Daley. Former Mayor Rahm Emanuel was paid $216,210 in each of the eight years he served as mayor, and Lightfoot will be paid the same through her first term in office.
The upgrade is likely to boost efforts by Mayor Lori Lightfoot to convince Chicago City Council members to support her budget, which she hopes to pass on Nov. 7.
One year after the Chicago City Council approved what Lightfoot calls the Chicago Recovery Plan, city officials have spent just $130.5 million of the $1.227 billion earmarked for a host of programs including affordable housing, mental health, violence prevention, youth job programs and help for unhoused Chicagoans, according to data released as part of the mayor’s 2023 budget proposal.
Chief Financial Officer Jennie Huang Bennett faced pointed questions from members of the City Council’s Budget and Government Operations Committee on Thursday about the "advanced pension payment" proposal.
Mayor Lori Lightfoot’s plan to close a projected $170.6 million budget gap in 2023 relies on booming tax revenues that she said proves Chicago’s budget has fully recovered from the economic catastrophe caused by the COVID-19 pandemic.
Mayor Lori Lightfoot did not explain Thursday how she would propose to bridge the city’s projected 2023 budget shortfall, which is now 33% bigger than the gap she detailed nearly two months ago.
In 2019, Chicago paid more than $1.31 billion to its four pension funds benefitting police officers, firefighters, municipal employees and laborers. In 2023, Chicago will pay more than $2.34 billion to the same four funds.
Chicago’s financial picture has been buoyed by the city’s red-hot real estate market and nearly $2 billion in federal aid designed to help the city withstand the ravages of the COVID-19 pandemic.
The first payments began to flow nearly nine months after the Chicago City Council approved the program’s funding as part of its 2022 budget.
Mayor Lori Lightfoot’s office will host three “budget engagement forums” on July 21, July 23 and July 30 to give Chicago residents a chance to “share their priorities regarding city services” and “have a dialogue” with the mayor, budget director and other city officials.
The $31.5 million program has enough funding to send just 5,000 Chicago families $500 per month for 12 months, officials said. Approximately 64% of applicants live below the poverty line, which is $26,500 for a family of four. An additional 40% of applicants live in households that earn half that amount, officials said.
