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Chicago's Mayor Proposes $8.6 Billion City Budget for 2018

Chicago Mayor Rahm Emanuel has presented an $8.6 billion budget to the city's aldermen that would spend about $289 million more than last year's funding plan.

Emanuel debuted his proposed budget before the Chicago City Council during a speech on Wednesday, saying the city "is on firmer financial footing that we have been in many years."

The mayor's budget includes new taxes and fees, including a $1.10-per-month increase in the 911 tax for cellphones and landlines and a 15-cent increase in fees for ride-hailing trips to pay for Chicago Transit Authority upgrades. Emanuel's plan also would increase the amusement tax for certain events from 5% to 9%.

New spending includes $27.4 million for police reform efforts. That includes $17 million to hire 100 field training officers.

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