"During this budget process, I've asked each department to closely scrutinize their budgets, line by line to look for savings and cut down on costs that will allow us to operate more efficiently," said Mayor Lightfoot. "Given the enormous financial challenges we are facing, we are taking advantage of every potential opportunity to generate savings and ensure our government works more efficiently for residents."
In 2020, a total of $5.9 million operational savings will be identified through improved efficiencies within the Department of Fleet and Facility Management (2FM). First, up to $2.7 million in savings will be realized through efficiencies identified with the Chicago Smart Lighting program. The city's side street lighting modernization program, which is replacing more than 270,000 outdated High-Pressure Sodium light fixtures with new energy-efficient LED lights, will be completed in 2021.
More on illi News
- Insurance Labor Study Uncovers Difficult yet Optimistic Recruitment Environment
- Bone and Joint Institute of Tennessee Surgery Center Performs First Cases
- Naperville Police Investigate Weekend Car Burglaries
- IAOP Releases the 2020 Global Outsourcing 100
- Zezgo Rent A Car today announce the imminent opening of two branches in Jordan as the rollout of the new premium brand
"Our department is always working to find ways to reduce expenses and ensure our teams support and maintain city-owned and leased buildings as efficiently as possible," said 2FM Commissioner David Reynolds. "With the city working to find additional cost-cutting solutions, we will continue to look internally at ways we can eliminate redundancies and act as good stewards of taxpayer dollars."
The City will also save $2.6 million from the suspension of camera installation at non-public city facilities in 2020. Another $416,000 in savings will be achieved through property management insourcing of two city-owned assets—the Administrative Hearings complex located at 400 W. Superior and the Michael Reese redevelopment site. Both are currently managed by a third-party vendor.
Beginning in 2020, recycling services at neighborhood facilities will be provided by the Department of Streets and Sanitation for a net savings of $145,000 in operational savings. A vendor will continue to provide recycling at larger city facilities. Finally, the purchase of a leased salt pile location later this year will result in $120,000 in savings for the department.
More on illi News
- Cyient Inaugurates Wire Harness Lab for Production and Prototyping in its Peoria Office
- Amigo Events Announce Traditional Goan Carnival Event in London
- Aaron Gordon Officially Signs Deal with 361º
- Bystronic Introduces ByStar Fiber XL Laser Cutting Machine
- A.R. Rahman Begins Recording "Hands Around the World" song to fundraise against climate change, in Los Angeles
Today's announcement is an example of efforts by the Lightfoot Administration to maximize savings for next year's budget by looking internally for efficiencies and reforms. Earlier this year, Mayor Lightfoot announced the termination of short-term borrowing, which is expected to save $22 million in FY 2020; and sweeping reforms to the workers' compensation program, which are expected to drive down claim costs and generate significant annual savings in the years ahead. As part of the annual city budget process, the Lightfoot Administration will soon outline its financial outlook, including next steps for addressing FY 2020 costs and efforts to ensure a more viable financial future for all of Chicago.
Latest on illi News
- Three ISACA Credentials Rank Among 10 Highest-Paying Tech Certifications
- Mauser Packaging Solutions Invests in State-of-the-Art F-Style Can Lines
- INC Advisors offers Real Time Succession & Valuation Platform
- Northwestern Mutual–Chicago Donates $4K to Ronald McDonald House Charities Chicagoland & Northwest
- Symplast to Showcase Top Ranked Mobile EHR at Inaugural MIAMI COSMETIC SURGERY Meeting
- Ring Founder, Jamie Siminoff to Deliver Keynote at 7th Annual CEO Summit
- STG Logistics Welcomes Four New Vice Presidents to Sales Team
- Two Dogs Generate Over $100,000 For Critical Surgical Care For Children
- Naperville: Air Conditioner Rebates Are Now Being Offered
- Vicki Farnam Centers Off-Body Training Course Around GTM Original Products
- ONE PARK FINANCIAL: One of the "Best and Brightest" Companies in the U.S
- Kratom Prices Are Dropping Even Though FDA and Indonesian Kratom Ban Is Looming in 2024
- New York City Author/Journalist Sues Boeing Over Exploding Boeing 737 Airplane Engine On Southwest Flight 1380
- Naperville: Crime Stoppers Offer Reward in Case of Criminal Damage to a School
- Origami Risk Named Among Nation's Best and Brightest Companies to Work For
- mPower Technology Accelerates Growth with Expansion of Executive Team and Establishment of San Diego Office
- Bonkers Toys Continues To Lead The Way with YouTube Inspired Toys by Partnering with the Stars of Trinity & Beyond and Braille Skateboarding
- New Service Now Available in O'Fallon, IL to Help Keep Older Drivers Safe
- Insightra Medical Inc. launches "The Hernia Alliance"
- G&D Integrated Announces Acquisition Of South Carolina-Based Trucking Company