Rich Hein/Sun-Times
Chicago aldermen had no warning before learning the coronavirus pandemic had blown a $2 billion hole in the city’s 2021 and 2022 budgets.
They wouldn’t be blindsided again, under an ordinance championed by downtown Ald. Brendan Reilly (42nd).
The City Council’s Finance Committee on Monday endorsed Reilly’s ordinance, which requires the city’s Department of Finance and the Office of Budget and Management to keep monthly tabs on city revenue collections.
Both departments would be required under the ordinance to publish monthly reports on their websites detailing “total collections for each revenue category” from the previous month.
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