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Tab A - Illinois Finance Authority

Tab A - Illinois Finance Authority 2025

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The document outlines the agenda and proceedings of the Illinois Finance Authority Board Meeting held on March 9, 2010. Key topics include financial reports, project approvals for various agricultural, healthcare, and community projects, and updates from the Executive Director regarding operational performance and legislative initiatives. Notable projects discussed include funding for Beginning Farmer Bonds, the Community of Faith Family Life Center, The Art Institute of Chicago, and Palos Community Hospital. The meeting also addressed resolutions for amendments to existing bond agreements and financing structures.

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Who manages Chicagos finances?

Jill Jaworski serves as the City of Chicagos Chief Financial Officer.

What does the Department of Finance do in Chicago?

The Department of Finance is responsible for revenue collection, utility billing, tax and parking enforcement, administering employee payroll, benefits and safety; risk management and accounting and financial reporting.

Why is Illinois in so much debt?

Thats because Illinois General Fund has been plagued by a structural deficit for generations. A structural deficit exists whenever a tax system fails to generate enough revenue growth over time to cover debt payments, as well as the inflationary cost of maintaining delivery of the same level of public services.

Who is the executive director of the Illinois Finance Authority?

Chris Meister has served as Executive Director of the Illinois Finance Authority (Authority), our States infrastructure bank, since 2009.

What is the Illinois Finance Authority?

IFA is a body politic and corporate created by State statute through the consolidation and elimination of seven State authorities and entities. We are authorized by the Illinois Finance Authority Act to issue tax-exempt and taxable bonds and to make and guarantee non-conventional loans.

What does IFA mean in finance?

An independent financial advisers (IFA) is a professional who offers independent advice on financial matters to their clients and recommends suitable financial products from the whole of the market.

Tab A - Illinois Finance Authority 2025

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