Emanuel to call for nearly $600 million property tax hike - So Rahm wants to raise the property taxes over a 1/2 billion dollars for a one time pension payment - so every year after the first year, the city pockets an extra $600 Million Dollars

Chicago Aldermen are already discussing ways that this giant tax increase is NOT applied to the minority home owners in Chicago... Basically a white person's tax

Rahm Emanuel plans to ask aldermen to increase property taxes by nearly $600 million during his second term, aides to the mayor confirmed Monday.

The largest city property tax in modern history will be paired with a series of other tax and fee hikes, including a garbage fee, new taxes on ride-sharing and taxi trips, new taxes on electronic cigarettes and an increase in building permit fees.

The Emanuel administration provided the details ahead of Emanuel's 10 a.m. Tuesday budget speech to the Chicago City Council.

Here's a breakdown:

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