- Associated Press - Tuesday, September 22, 2015

CHICAGO (AP) - Mayor Rahm Emanuel is set to deliver a budget which includes a phased-in $543 million property tax increase and other fees, including for garbage collection and ride-sharing services.

The address is Tuesday.

The Emanuel administration offered some details Monday afternoon, saying there’ll also be a Chicago school tax and a taxi fare increase.

Emanuel has said the budget will be fair to all Chicagoans and progressive. It’s expected to include exemptions for the elderly.

There are also plans to hire more than 300 administrative employees to divert more police officers to city streets.

The speech comes as the city faces major fiscal issues. Chicago has the worst-funded public pension system of any major American city.

Many city residents and business leaders object to the potential increase, saying they already pay too much.

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