Summary
CHICAGO - Chicago Mayor Richard Daley proposed a 2010 budget on Wednesday that includes borrowing about $370 million from reserve funds created by the city's controversial parking meter lease and cutting more than $114 million in spending.
During an address to the City Council, Daley said people have not suffered this much from a bad economy since the Great Depression and he won't propose any new taxes, fines or fees to help close an estimated $520 million budget deficit in the nation's third-largest city.See the full content of this document
Extract
Daley Proposes Grim 2010 Budget
The total amount of Daley's...
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