Tuesday, June 23, 2015

News and an invitation from Treasurer Summers




City Treasurer's Benchmark Report
June 22, 2015
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A N O T E F R O M K U R T
Sometimes it takes a good-old-fashioned game of tug-o-war with Chicago's youngest to really put things in perspective! Urban Initiatives' 3rd annual Work to Play Cup earlier this month brought out more than 1,000 students from 35 CPS schools, coaches, families & supporters to celebrate the end of a successful program year. When we work hard we have to remember to play hard, & this summer our City has hundreds of events scheduled for residents, small business owners & visitors. Make sure to get involved by taking advantage of City offerings or sign up for your neighborhood Think Tank! Many thanks to Urban Initiatives for making an impact on Chicago & for including me in the fun.
P R I D E
Join Treasurer Summers and the Windy City Media Group TOMORROW, June 23, from 6-8pm for a panel discussion on LGBTQ youth homelessness across Chicago. Be a part of the conversation! Panelists include Treasurer Summers; Amy Miller, the Associate Director at Broadway Youth Center at Howard Brown Health Center; Tracy Baim, Publisher of the Windy City Times and Angeline “Kasey” White from the film The Homestretch. The event is free and open to all.
C I T Y C O U N C I L
Just last week the Treasurer announced a new ordinance to increase investment by local banks in each of Chicago's 77 communities. Introduced at City Council by Mayor Emanuel and co-sponsored by Alderman Tom Tunney (44) and Alderman Roderick T. Sawyer (6), the ordinance would require all banks who work with the City, also known as Municipal Depositories, to provide the City with further reporting including their own lending practices to and support for local small businesses, non-profits and entrepreneurs. The Treasurer’s Office will then utilize that information to create a new Banking Scorecard to ensure Chicagoans are able to identify if and how frequently their local banks are investing back into their communities.

An initiative from the Treasurer's first 90 days in office, the new ordinance and banking scorecard will allow us to hold local banks to a higher standard when it comes to meeting the credit needs of our communities and investing back into the neighborhoods where they are located. Read more here!

Additionally, Mayor Emanuel introduced an intergovernmental agreement between our office and the Public Buildings Commission (PBC) that will allow us to provide the PBC financial management services with a goal of boosting their return on investment for its bond portfolio. The Treasurer's Office has had a similar, successful partnership with the Chicago Park District since 2013, allowing the agency to focus on their core mission of enhancing the quality of life for Chicagoans while saving taxpayer dollars. These innovative partnerships mean increased resources for key services such as education and public safety a we look forward to providing the same level of investment expertise and support to the PBC! Read more about the new partnership here.
G R A D U A T I ON
Treasurer Summers had the honor of speaking at the Murray Language Academy 8th grade graduation ceremony on June 15. Murray Principal Greg Mason was the Treasurer's high school math teacher and has been a mentor ever since. The Treasurer's message to the graduates was "don't let fear stop you from being your best!"
W A T C H : M A R C H F O R P E A C E
Earlier this month, Treasurer Summers joined thousands of students, Mayor Emanuel, Alderman Pat Dowell, community and faith leaders and supporters in a March for Peace in Chicago's city streets. Click here or the photo above to see the Treasurer march alongside Chicago's youth in this powerful movement!
J O I N A T H I N K T A N K
Stay connected! From the Treasurer's 77 visits, he has developed Think Tanks with small businesses owners, advocacy groups and community leaders who keep in touch to discuss the current challenges they face and potential opportunities for future economic growth. Would you like to join the Think Tank in your community? Join the Treasurer for monthly conference calls, quarterly meetings and daily interactions with office staff. Click here to sign up!
Have an event or news to share with our audience? Want to find out more about the Treasurer's Office or how to get involved? Click here to email us! We will be sending out a new Benchmark Report every two weeks.
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