With the clock ticking down on summer recess, City Council meets today.  Will its members introduce legislation to raise property taxes, add a tax on sugary drinks and/or increase the cost for parking to help close a budget gap at the Philadelphia School District?

Will Bunch takes a look at Mayor Nutter's budget tactics, including his no-new-taxes proposal in March, one week before Gov. Corbett introduced his state budget that slashed education funding in Philadelphia and across the state.

As the School District asks for more money, it angers critics by not releasing information.

Speaking of anger, the Philadelphia Federation of Teachers is ticked off that the School District wants to reopen the union contract to seek concessions.

And with potential new taxes on the table, the It's Our Money crew breaks down exactly what the city taxes now and at what rate.