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Summers also steered the closure of a $ 487 million budget deficit while keeping the administration's promise to roll back 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.
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When he was City
Treasurer, Summers managed 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. Summers sat on five local pension boards with nearly $ 25
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and as the appointed trustee for the county's $ 9 billion pension fund. In that capacity, Summers led changes to provide performance management in every department, which
Preckwinkle claimed in 2014 had saved the city $ 400 million annually. In his role as Chief of Staff for President Preckwinkle,
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Summers's first act in office was the proposal of a 90-day-plan called "Invest in Our
Chicago", which aimed to increase investment in the city. Summers also launched a listening tour, visiting Chicago's 77 communities in 77 days.
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on
October 22, 2014, and took the oath of office on December 1, 2014. Summers was elected to his first full-term in office during Chicago's citywide election on February 24, 2015. He was preceded in office by
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in
Chicago. 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
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277:"Mayor Emanuel Announces Selection of Kurt Summers Jr. to Fill Remaining Term as City of Chicago Treasurer"
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336:"Hyde Parker Kurt Summers takes on new role as Chicago treasurer, prepares for re-election"
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356:"Statement from President Preckwinkle on Kurt Summers' Appointment as Chicago Treasurer"
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424:"New City Treasurer unveils 90-day plan to boost local investments"
295:"Emanuel's treasurer appointment launches Summers into prominence"
386:"Aldermen approve Kurt Summers' appointment as city treasurer"
178:. He also holds a Master of Business Administration from
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In 2008, Summers was appointed as chief of staff for "
462:"Investing in Our Chicago: One Community at a Time"
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190:Summers began his career at the consulting firm
259:"Office of the City Treasurer, City of Chicago"
406:"Toni Preckwinkle's chief of staff to depart"
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194:. He was later appointed Chief of Staff to
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498:Washington University in St. Louis alumni
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58:December 1, 2014 – May 20, 2019
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315:"City Treasurer Neely stepping down"
217:He was a senior vice president at
176:Washington University in St. Louis
123:Washington University in St. Louis
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153:. Summers was appointed by Mayor
172:Whitney Young Magnet High School
493:Harvard Business School alumni
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237:Summers currently resides in
219:Grosvenor Capital Management
225:billion under management.
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488:City Treasurers of Chicago
210:", the city's bid for the
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263:chicagocitytreasurer.com
166:Early life and education
180:Harvard Business School
170:Summers graduated from
192:McKinsey & Company
81:Melissa Conyears-Ervin
470:. February 17, 2015.
394:. November 10, 2014.
303:. December 12, 2014.
212:2016 Summer Olympics
430:. December 1, 2014.
412:. October 25, 2012.
321:. October 20, 2014.
508:Illinois Democrats
127:Harvard University
442:"Kurt Summers Jr"
428:Chicago Sun-Times
391:Chicago Sun-Times
366:on April 14, 2015
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91:Personal details
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196:Cook County
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482:Categories
245:References
118:Alma mater
100:Democratic
239:Hyde Park
143:Treasurer
54:In office
370:April 9,
151:Illinois
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186:Career
372:2015
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
