65 ILCS 5/8-2-6
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-2-6)Sec. 8-2-6.         Budget document; availability; hearing; limitations on  appropriations.(a) The corporate authorities in municipalities specified in  Section 8-2-1 shall make the budget document as submitted by the mayor  conveniently available to public inspection for at least 10 days before  the passage of the annual appropriation ordinance, by publication in the  journal of the proceedings of the corporate authorities or in another  form prescribed by the corporate authorities.(b) Not less than one week  after the publication of the budget document, and before final action on  the appropriation ordinance, the corporate authorities shall hold at least  one public hearing on the budget document. Notice of this hearing shall be  given by publication in a newspaper having a general circulation in the  municipality at least one week before the time of the  hearing. After the public hearing and before final action is taken on the appropriation  ordinance, the corporate authorities may revise, alter, increase, or  decrease the items contained in the budget document. Upon completion of its  action on the budget document, the corporate authorities shall enact the  budget document as so revised as the annual appropriation  ordinance.(c) All of the  requirements pertaining to the form and substance of the budget document,  including limitations, as prescribed in Sections 8-2-1 through 8-2-8, shall  be applicable to the appropriation ordinance. Detailed schedules supporting  the appropriation ordinance shall be attached to the ordinance and shall be  published in the official record of the municipalities simultaneously with  the appropriation ordinance, but shall not be considered as an official  part of the ordinance.(d) The aggregate amount finally appropriated by the  appropriation ordinance, including any subsequent amendment of the  ordinance, from  any fund or for any purpose (including amounts appropriated for judgments  and all other unpaid liabilities and all other purposes for which the  corporate authorities are by this Section or otherwise by law required to  appropriate) shall not exceed the aggregate amount available in that fund  or for that purpose as shown by the estimates of the available assets  thereof at the beginning of the fiscal year for which appropriations are  made and of taxes and other current revenue set forth in the budget  document as submitted to the corporate authorities or as revised by the  budget director. If the appropriations from any  fund as set forth in the appropriation ordinance as finally adopted exceed  in the aggregate the maximum amount that the corporate authorities are  authorized by this Section to appropriate from the fund,  all appropriations  made from that fund by the appropriation ordinance are void. In this latter  event, the several amounts appropriated for current operation and  maintenance expense in the appropriation ordinance of the last preceding  fiscal year shall be deemed to be appropriated for the fiscal year for  which the void appropriations were made for the objects and purposes,  respectively, as specified in the last preceding appropriation ordinance.  The several amounts so deemed to be appropriated shall constitute lawful  appropriations upon which taxes for the fiscal year for which the void  appropriations were made may be levied under  Section 8-3-1.(e) The corporate authorities may amend the annual appropriation  ordinance at their next regular meeting occurring not less than 5 days  after the passage of the ordinance, in the same manner as other ordinances. If any  item of appropriation contained in the appropriation ordinance is vetoed by the mayor, with  a recommendation for a change in that item, the adoption of  the recommendation by  a yea and nay vote shall be regarded as the equivalent of an amendment of  the annual appropriation ordinance with the same effect as if an amendatory  ordinance were duly passed. The appropriation ordinance, as originally  passed or as subsequently amended, also may be amended at any regular or  special meeting of the corporate authorities held not more than 15 days  after the first regular meeting of the corporate authorities occurring not  less than 5 days after the passage of the ordinance, by repealing or  reducing the amount of any item of appropriation contained in the  ordinance.    (Source: P.A. 87-1119.)