The city of Chicago announced that Mayor Brandon Johnson's FY24 Budget was approved by the Chicago City Council with a 41-8 vote. The "People's Budget," totaling $16.77 billion, allocates funds to priority areas such as public safety and mental health care, along with investments in the youth of the city. This initiative came into effect after an extensive review and discussion process led by the council members.

The allocation of funds across key areas demonstrates a strategic approach towards financial management in public service. The city of Chicago, without increasing property taxes, approved the allocation of funds strategically across key areas. In public safety, the budget invests over $100 million in anti-violence programming, restorative justice, gender-based violence prevention, and intervention, with a new Office of Re-entry established. Significant investments in mental health care include over $66 million for expanding staff and reopening facilities, setting the foundation for the Treatment Not Trauma ordinance. The budget dedicates more than $76 million to youth jobs and programming, over $1 billion for infrastructure improvements, and substantial investments in crisis management, homelessness response, climate justice, and equity initiatives, according to a press release by the city of Chicago.

Mayor Johnson expressed his satisfaction with this people-centric approach towards managing resources. "I am proud to pass the People’s Budget – a budget based on our values that is not balanced on the backs of working people and working families," said Mayor Johnson, according to a press release by the city of Chicago. "I have long said that where your treasure is, there your heart will be also. From making historic investments in our young people to making critical investments in mental health care and public safety,this budget is close to the heart and soul of who we are,and what we represent as a city."

Reflecting on the budget, Annette Guzman, the city of Chicago Budget Director, emphasized its potential for transformational change. "The mayor made it clear that he wanted a budget that addresses the needs of disinvested communities while committing to fiscal responsibility," said city of Chicago Budget Director Annette Guzman, according to a press release by the city of Chicago. "This budget delivers on both of those priorities while setting the City on the right path for transformational investments in the future."