CHICAGO — The Chicago City Council overwhelmingly approved Mayor Richard Daley’s $6.15 billion budget for 2011, with only a handful of members attacking it as fiscally irresponsible because of a heavy reliance on reserves and other one-shots to eliminate a $654 million deficit without tax increases.

The one-time revenues being used to prop up the 2011 budget include “borrowing” $120 million from a reserve set up with the city’s $1.15 billion, 75-year lease last year of the parking meter system. Only $76 million will remain from that transaction.

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