Mayor Rahm Emanuel Wednesday threw cold water on several competing proposals to raise the tax on the sales of high-value properties in Chicago, warning aldermen not to “treat homeowners as an ATM machine.”

“My general attitude is that the homeowner should be the last person to go to for a fee before we have tried everything else. I don’t think the first line of defense should be the homeowner’s pocketbook,” Mayor Rahm Emanuel said.

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