Daley: Chicago rainy day fund could see more money

April 15, 2011 7:35:57 AM PDT
Chicago Mayor Richard Daley says cost cutting and better-than-expected city revenues last year will allow the city to enrich its rainy day fund by $50 million dollars.

Daley used $190 million in reserve cash from the lease of city parking meters to help balance last year's budget.

Daley says his intent was always to replenish the reserves as the economy recovers.