CHICAGO — Chicago Mayor Rahm Emanuel unveiled a $6.3 billion 2012 budget Wednesday that whittles away a $635 million deficit with new revenue from a series of increases in fees, fines and taxes not including property or sales taxes, along with debt refunding savings, management reforms, and spending and job cuts.

Emanuel inherited the deficit when he took the reins in May from Richard Daley, who retired after more than two decades in the office.

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