Day two of Chicago budget hearings: Alders move to take control of parking meter money

Chicago aldermen are forcing a showdown with Mayor Brandon Johnson over $75 million in parking meter money and when it should be used for pension payment, which could  open a new hole in his proposed 2027 budget. The move comes as top finance officials face intense questioning from aldermen over Mayor Brandon Johnson’s $17.6 billion budget proposal and controversial borrowing for police misconduct settlements and a corporate head tax.