Chicago’s next mayor may find the city’s coffers almost empty after Richard M. Daley dipped into reserves to balance this year’s budget.
The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year’s budget partly with reserves. If he uses funds from leasing parking meters, garages and a toll road to fill the 2011 gap, the city will be left with only $121…
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Chicago’s Next Mayor Could Find City Coffers Almost Empty originally appeared on DailyFinance on Mon, 13 Sep 2010 07:13:00.