Mayor Richard Daley today insisted that no tax money would be used to pay for the city to host the 2016 Summer Olympic Games and said funding from the private sector and federal dollars for security and infrastructure would cover the costs.
"Tax money isn't paying for it," Daley told reporters this morning at an unrelated event. "The federal government pays for security, which is the highest cost of the Olympics ... The other thing they pay for is infrastructure ... There's no city tax money whatsoever ... We are very strong in that position ... in the regard to having that be sponsored by the private sector and others."
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