• 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.


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