Participitory Budgeting for the 41st Ward?

Would participitory budgeting work for the 41st ward?  Take a look at what participitory budgeting entails and why it may be good for the community:

Participitory Budgeting:

What:  Participatory budgeting is a process of democratic deliberation and decision-making, and a type of participatory democracy, in which ordinary residents decide how to allocate part of a municipal or public budget. Participatory budgeting allows citizens to identify, discuss, and prioritize public spending projects.

How:  Participatory budgeting is usually characterized by several basic design features: identification of spending priorities by community members, election of budget delegates to represent different communities, facilitation and technical assistance by public employees, local and higher level assemblies to deliberate and vote on spending priorities, and the implementation of local direct-impact community projects.

Why:  Various studies have suggested that participatory budgeting results in more equitable public spending, higher quality of life, increased satisfaction of basic needs, greater government transparency and accountability, increased levels of public participation, and democratic and citizenship learning.