As Chicago’s newest City Treasurer, Summers is the steward of the city’s $7 billion dollar investment portfolio and is responsible for maintaining records and accounts of the city’s finances while ensuring transparency and accountability for all transactions. Treasurer Summers also serves as an advocate to empower young people, workers and small business owners, as well as programs that promote economic growth and financial education. The Treasurer sits on five local pension boards with nearly $25 billion under management.
Since taking the oath of office on Dec. 1, 2014, Treasurer Summers has hit the ground running.
The Treasurer’s …show more content…
In that capacity, Summers led county-wide reforms to provide performance management in every department.
In his role as Chief of Staff for President Preckwinkle, Summers also steered the closure of a $487 million budget deficit while keeping the administration’s promise to rollback the county sales tax, saving taxpayers more than $400 million a year. Additionally, Summers aided in reforming the county’s procurement rules and helped pave the way for a more sustainable health and hospital system.
In 2008, Summers answered the call to serve as Chief of Staff for Chicago 2016, the city’s bid for the 2016 Summer Olympic Games. The historic plan called for development in struggling neighborhoods and sealed Kurt’s passion to help Chicago showcase all it has to offer.
Treasurer Kurt Summers is a lifelong Chicago resident and a graduate of Whitney Young High School. He received a Bachelor of Science in Business Administration with Management Distinction High Honors in Finance and International Business, with a minor in East Asian Studies, from Washington University in St. Louis. He also holds a Master of Business Administration from Harvard Business