As predicted, Mayor Richard M. Daley proposed a $6.1 billion budget this morning that would be balanced by cutting city jobs, slowing services, and dipping deeper by hundreds of millions of dollars into the pot of money generated by leasing the parking meter system.

Most aldermen I spoke with after the mayor’s somber, half-hour budget address said they didn’t like the idea of using the meter reserve funds, but they bought the mayor’s argument that it was the only viable way to maintain core city functions like policing and garbage collection without a major tax hike.