Philadelphia Mayor Michael Nutter is scheduled to present his 2010-2011 budget to council on Thursday, March 4, 2010.While local newspapers are already reporting that he’ll likely propose soda and trash taxes, don’t expect him to propose any across the board tax hikes. Speaking to Marty Moss-Coane on Tuesday, Mayor Nutter said his hands are tied when it comes to raising the city’s major taxes.

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He needs to reduce city spending by $150 million in this budget. City revenues are depressed as the regional economy, officially out of a recession, remains flat.