Chicago Board of Elections Executive Director Charles Holiday, Jr. answers questions during a budget hearing Friday

The Chicago Board of Elections explained its declining budget for 2024 during the final day of city budget hearings Friday.

During the hearing, Executive Director Charles Holiday, Jr. explained to members of the Committee on Budget and Government Operations the board’s budget is set to drop from $56.6 million in 2023 to about $34.5 million in 2024. The drop is attributable to the municipal elections that occurred in 2023, which accounted for a higher 2023 budget. Even though the city will assist in administering the 2024 general election, the city shares those costs with the county.