City Council approves new Chicago budget
December 2, 2009 (CHICAGO) (WLS) -- The City Council overwhelmingly approved a new Chicago budget Wednesday by a vote of 38-to-12.
The $6.8 billion budget includes no new taxes, fees, or fines, and has $35 million in homeowners property tax relief.
The budget is balanced because Mayor Daley used reserve funds from Chicago's 75-year deal to lease its parking meters. Critics charged that Daley had promised to keep at least $400 million of lease money in reserve, but now only $130 million is left.
"You cannot break a contract in 12 months that's supposed to last for 75 years. It's unconscionable, and it's disingenuous, and it's intellectually dishonest," said Ald. Tom Allen, 38th Ward.
"What taxes and fees would they raise to balance our budget? No one presented a bill to raise a tax or raise a fee. What major city service would they like to cut, which ones they'd like to cut? No one said that," said Mayor Daley.
One budget supporter, 34th Ward Alderman Carrie Austin, stressed that Daley pledged to restore the reserve fund when the economy improves.
city budget, parking meters, local
- Boy, 9, recovering from East Chicago pit bull attack 54 min ago
- Beverly mom, children found safe in Wisconsin 34 min ago
- CTA Belmont bypass plan could affect 16 buildings
- ABC7 First Alert Weather Forecast
- Program Note: Jeopardy to air Late Night
- Photos released in Yellow Line attack
- Investigation continues after boy dies in Whiting hit-and-run
- Lake Station mayor, family plead not guilty to corruption charges
- Chicago woman owns first Ford Mustang ever sold 6 min ago
- Presidential library in Chicago takes step forward
- Boy, 15, charged as adult in South Side shooting
- Waukegan couple's spat yields 16-officer response, 2 hurt
- Obama: 8 million signed up for health care
- abcnews: Ferry Captain Among 1st to Abandon Ship
Most Viewed StoriesMost Viewed Photos