12/20/2008 05:12 am ET Updated May 25, 2011

City Council Voting On Daley's Budget

The Chicago City Council is scheduled to vote today on Mayor Richard Daley's 2009 budget proposal, which is designed to address what he called the worst financial crisis of his 20 years in office.

The $6 billion plan calls for cutting no more than 770 jobs from the City Hall payroll. Daley also wants to raise a slew of taxes and fees to plug a $469 million budget shortfall, which he has blamed largely on falling revenues.

Among the revenue-raising proposals in the budget is a plan to use the Denver boot on cars with two parking tickets that are a year or more old. Currently, only cars with three tickets get booted.

The city also plans to increase downtown daily garage parking taxes to $3 from $2.25, increase taxes on tickets to sporting events and theaters by one percentage point and enact a new annual fee on private garbage Dumpsters for businesses and larger condominium and apartment complexes.

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