CHICAGO – Mayor Rahm Emanuel pitched a massive property tax hike Tuesday as a "last resort" to correct Chicago's financial footing, suggesting the only alternative for the nation's third-largest city would include severe cuts to police and fire services, recycling programs, pothole repair and even rodent control. Emanuel, who needs approval from state lawmakers and the governor for at least part of his sweeping plan, outlined a $543 million property tax over four years, a $45 million tax to modernize schools, and other new fees for residential garbage pickup, e-cigarettes and ride-sharing services. The property tax revenue would go toward...