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The Illinois Municipal Retirement Fund (or IMRF) is the second largest and best-funded public pension system in Illinois. Since 1941, has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...
Tax increment financing. Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been ...
CHICAGO — As Mayor Brandon Johnson’s bid to borrow $1.25 billion to fund housing and development moved forward in the City Council Tuesday, it faced an unexpected roadblock: an alderman ...
The City Treasurer’s Office is the custodian and manager of all cash and investments for the City of Chicago, the four City employee pension funds, and the Chicago Teacher’s Pension Fund. Additionally, the Treasurer’s Office manages a number of programs that promote financial education and small business growth in Chicago’s neighborhoods.
CHICAGO — Chicago is expected to hit a budget gap of $538 million next year, Mayor Brandon Johnson announced Wednesday in a solemn acknowledgment of the city’s fiscal challenges while also ...
Holabird & Roche. The City Hall-County Building, commonly known as City Hall, is a 12-story building in Chicago, Illinois that houses the seats of government of the City of Chicago and Cook County. [ 1 ][ 2 ] The building's west side (City Hall, 121 N. LaSalle St.) [ 3 ] holds the offices of the mayor, city clerk, and city treasurer; some city ...
A pay box in Chicago, operated by Chicago Parking Meters LLC A Chicagoan pays at a pay box. Chicago Parking Meters LLC also known as ParkChicago [1] is an American company [2] with several investors [3] that owns the parking meters in the city of Chicago, Illinois. The company has gained notoriety for its roots in the sale of the City of ...
Government of Chicago. The government of the City of Chicago, Illinois, United States is divided into executive and legislative branches. The Mayor of Chicago is the chief executive, elected by general election for a term of four years, with no term limits. The mayor appoints commissioners and other officials who oversee the various departments.
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