Mayor Emanuel set to call for largest property tax hike in modern Chicago history

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CHICAGO -- Mayor Rahm Emanuel is ready to call for the largest property tax increase in modern Chicago history.

A City Hall source tells the Chicago Tribune the mayor is considering a property tax hike of between $450- $550 million.

He hasn't settled on a final number yet,

Emanuel also reportedly plans to push for a new garbage collection tax, a new per-ride fee on taxis and ride services such as Uber, and a new tax on electronic cigarettes and smokeless tobacco products.

The aim is to generate enough money to make a major pension payment for police and firefighters next year

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