CHICAGO -- The Chicago City Council yesterday passed a $1.82 billion corporate fund fiscal 1994 budget that is balanced primarily through tax increases and fees.

To close a projected $35 million budget gap, the council approved a proposal by Mayor Richard M. Daley to increase taxes on utilities, liquor, and parking. The council also agreed to close a tax loophole on the sale of natural gas by independent brokers to help plug the gap, according to John Holden, a spokesman for the city's revenue department.

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