Emanuel warns of major property tax hike if lawmakers don't provide pension fix

The Chicago Tribune reports:

Mayor Rahm Emanuel on Friday said that if he doesn't get major financial relief from state lawmakers, he'll have to raise property taxes significantly next year.

The acknowledgment came as a re-election seeking Emanuel released his ideas on how to deal with the city's grave financial condition, which includes a $550 million increase in payments to the police and fire pension funds.

The struggles of Blue America.