CHICAGO
03/18/2010 05:12 am ET | Updated May 25, 2011

Budget Approved By City Council Will Drain $270M From Parking Meter Fund

A windfall from the sale of Chicago parking meters that was supposed to last for 75 years would be nearly exhausted in just one year to stave off tax increases and provide token property tax relief, thanks to a $6.1 billion 2010 budget approved today.

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