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Planet Money — When Chicago pawned its parking meters
Not scored yet30m·2025-12-12·Business

When Chicago pawned its parking meters

Planet Money

In 2008, Chicago’s budget was in a bad place. The city needed money. One way to raise money was to increase property taxes, but what politician wants to do that? So instead, Mayor Richard M. Daley’s administration looked around at the resources the city had, and thought, ‘Any of this worth anything?’ They opted to…

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