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With attachments Tab A - Illinois Finance Authority

With attachments Tab A - Illinois Finance Authority 2025

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The document outlines the agenda and minutes from the Illinois Finance Authority (IFA) Board Meeting held on July 19, 2011. It includes discussions on various projects, including approvals for Beginning Farmer Bonds, healthcare financing, and resolutions related to bond agreements. The meeting highlights the IFA's financial performance, strategic planning process for fiscal year 2012, and challenges faced in the municipal bond market. Key topics include budget considerations, project approvals for agricultural and healthcare sectors, and a focus on maintaining operational sustainability amidst changing economic conditions.

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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.

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.

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.

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.

How do you show proof of financial responsibility in Illinois?

Proof may be submitted in the form of an SR-22 Certificate of Insurance (see below) completed by the home office of an insurance company and submitted to the Secretary of State before reinstatement of driving privileges or issuance of a Restricted Driving Permit.

With attachments Tab A - Illinois Finance Authority 2025

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