City Treasurer Kurt Summers held his quarterly earnings call yesterday afternoon, touting higher performance for city investments, and promising passage of his long-delayed plans to require regular reporting on local investment initiatives by banks that hold the city’s money, and a new loan program for local businesses. Summers expects the municipal depository ordinance and Fund 77 initiative to be heard at the September 9th Finance Committee meeting. But a policy change to allow the Treasurer to invest in sister agency debt, like that of the ailing Chicago Board of Education, won’t make it before Council, he said.

Want to read the whole article?

Members of The Daily Line get full access to articles associated with their subscription, including our archives, spreadsheets, and reports, along with our daily newsletters and exclusive offers on our special events.

Sign up