Big Mistake: New Chicago Treasurer to Divert Pension Money to Economic Development – WP Original
By: Mark Glennon* Let’s hope sincerity isn’t among the attributes of Chicago’s new Treasurer, at least when it comes to his action plan for city investments. Kurt Summers was sworn in today as Treasurer and released a 90-day action plan that he described in a luncheon address at the City Club of Chicago. His comments are reported in a Sun-Times article linked here and the plan is linked here. His plan contains a number of elements, but first on his list, and the one he emphasized most, is pushing both city treasury money and pension funds