By the Numbers With Rahm Emanuel's Proposed 2017 Chicago Budget

CHICAGO, IL — Riding the momentum of a narrowly avoided teachers strike, Mayor Rahm Emanuel unveiled his proposed city budget for 2017 on Tuesday, touting it as a signal of new financial stability for Chicago.

"Today, I am presenting to you a budget unlike any other we have seen in recent memory," he said during his public overview of the budget Tuesday. "It is a budget free of an immediate pension crisis, free of the black cloud of insolvency threatening the retirements of city employees and the financial future of Chicago."

"Five years ago, Chicago was on the financial brink. Today, Chicago is back on solid ground," he added.

Emanuel praised the Chicago City Council for helping the city get out of "the pension penalty box" by confronting the problem directly and establishing dedicated revenue streams for Chicago's four retirement funds. But the mayor also acknowledged that it's homeowners who are helping foot the bill for those pensions, thanks to last year's property tax hike and a water and sewer tax increase last month.

RELATED: Chicago Teachers Strike Averted as Union, CPS Reach Tentative Agreement

"The ones who truly deserve our thanks are the taxpayers of Chicago," Emanuel said. "They, like city employees, have stepped up to solve the pension challenge. I want to assure Chicago’s taxpayers that they are not alone in their sacrifice."

During his speech Tuesday, Emanuel went over the broadstrokes of his proposed budget, including new programs and the dollar amounts associated with them. Patch looks at some of the numbers the mayor mentioned.

Go to the City of Chicago's website for the complete overview of the 2017 budget.

$148 million

Projected revenue increase in this year's budget compared to 2016. That spike comes thanks to increases in sales, personal property lease and vehicle sticker tax earnings.

$137.6 million

Amount of the budget shortfall for 2017. This is the lowest deficit for the city in almost 10 years.

7 cents

Cost of a proposed disposable bag tax. Or fee, depending on how it's characterized. If approved, the suggested measure would work like this: Customers using paper or plastic bags instead of reusable ones at city stores will have to pay for the privilege, according to the Chicago Sun-Times.

The mayor hopes this fee or tax will generate $9 million for the city, and it's part of his plan raise $25.4 million through new fines and fees, the Chicago Tribune reports.

$33.7 million

Amount in spending cuts and government reforms in this year's budget. This includes $9.4 million in energy savings and $3.5 million from the sale of excess city-owned land.

$175 million

Amount of a surplus in tax-increment financing funds, or TIFs, in the 2017 budget. According to DNAInfo.com, $87 million of that amount has been earmarked for Chicago Public Schools as part of the city's tentative agreement with the Chicago Teachers Union.

$14

Hourly parking rate to use loading zones in certain areas of the city, the Tribune reports. The new rate is part of a pilot program that could raise $13 million to $18 million annually, the report stated.

$4

Hourly rate for parking meters around Wrigley Fields to be instituted two hours before and an hour after Cubs games and special events, according to DNAInfo.com. The new increased rates are estimated to bring in about $2.4 million, the report added.

7,200

Estimated number of Chicago eighth-, ninth-, and 10th-grade boys in the 20 city neighborhoods with the highest homicide rate to be given an adult mentor through programs such as Becoming a Man. The city will invest $6 million annually in the three-year initiative, and members of the private sector will match that amount. The program has already started this year, and more than 4,000 boys will have mentors by next month.

2019

Year a new, upgraded 311 municipal support system will be operational. The 311 system lets residents call the city for tree trimming, graffiti removal, potholes and other services. Currently, the system is phone-based, but process to modernize it will begin with the 2017 budget. Once completed, residents will be able to text and tweet requests, as well as receive real-time updates.

More via the Chicago Sun-Times, the Chicago Tribune and DNAInfo.com

photo via Office of the Mayor of the City of Chicago

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