Mayor

Chicago's Next Mayor Could Find City Coffers Almost Empty

Chicago%u2019s next mayor may will find the city%u2019s coffers almost empty after Richard M. Daley dipped into reserves to balance this year%u2019s budget. The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year%u2019s 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 million.