Mayor Nutter this morning ceremonially signed his first budget into law before City Council.

Nutter signed the bills in Council chambers to applause from Council and his staff. The budget

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features some spending increases and moderate tax reductions -- although slightly

. It has quickly moved through the approval process, which is common with a mayor's first budget.

"This is a most historic moment for us," Nutter said to Council. "This has been a tremendous opportunity for us to work together. This is an improved budget from where we started back in February."