New city budget to have no new taxes or fees

New details emerged Tuesday night about the budget Mayor Rahm Emanuel will unveil Wednesday.

There is a $300 million hole in the 2013 budget.

ABC7 is told the mayor plans no new taxes or fees in his proposed budget.

The mayor is also expecting extra revenue in his budget next year thanks to an improving economy.

The mayor will make his budget plan public when he addresses the city council at 10 a.m. Wednesday.