Focused on meeting its mandate of promoting efficiency and effectiveness in City government, the City of Chicago Office of Inspector General (OIG) today released its annual report of Budget Options for the City.
The OIG’s Budget Options report for the 2012 budget provides a total of 44 separate, stand-alone options to cut spending. This year’s report also includes 19 possible revenue generating options, including new or restructured taxes, tolls, and fees. In total, the 63 options detailed in the report provide background for nearly $3 billion in possible savings or new revenue for the City. Each option includes a brief overview of how proponents and opponents might argue each option, as well as a new section that notes important questions and discussion topics for the public and decision makers.
“In last year’s report, we provided data and analysis explaining that Chicago’s budget was fundamentally broken” said Inspector General Joseph Ferguson. “One year later, the situation remains difficult. The new Administration has candidly acknowledged the fiscal mess it inherited and has publicly committed itself to fixing it. This report is meant to support efforts to balance the budget by arming the public and City officials with context, basic data, and analysis needed to inform the tough choices ahead.”
The list of options is not meant to be an exhaustive one, and the inclusion of any option in this report is not, and should not be, construed as an endorsement by the OIG. The OIG intends to use public feedback and official responses to the report in order to provide periodic updates and corrections to this year’s report. To view the online version of the budget options, which will include updates go here.