Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)
MishTalk
APRIL 1, 2015
The Corporate Fund is Chicago’s general operating fund. Chicago’s property tax revenues do not go into its general operating fund. The Metered Parking System reserve funds were established in 2009 in the amount of $1.15 From 2009 to 2011, the city used $320 million from the Metered Parking Reserves.
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