Ethics Committee chairman Matt Martin has another ordinance pending: a detailed blueprint for how public financing would work in Chicago, including how Council candidates would qualify for matching funds and how much money they would receive. The ordinance doesn’t say how the city would pay for the program — only that the “Fair Elections Fund” would receive “not less than one-tenth of one percent (0.1%) of the annual city budget,” - $16.77 million of Mayor Brandon Johnson’s $16.77 billion 2024 budget .