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ILLINOIS FINANCE AUTHORITY BOARD MEETING

ILLINOIS FINANCE AUTHORITY BOARD MEETING 2025

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The document outlines the agenda and proceedings of the Illinois Finance Authority (IFA) Board Meeting held on April 13, 2010. It includes discussions on various projects, including agricultural bonds for beginning farmers, affordable housing bonds for Concordia Place Apartments, and refunding bonds for The Art Institute of Chicago. The meeting also covers financial reports, project approvals, and legislative updates. Key resolutions include loan modifications, bond issuances, and guidelines for energy efficiency projects under a new initiative. The document emphasizes the IFA's commitment to facilitating economic development through financing while ensuring accountability and transparency.

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Who manages Chicagos finances?

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

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.

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.

When can board meetings be changed in Illinois?

If the public body changes this schedule, it must give 10 calendar days notice of the change by publicizing the change in the newspaper and by posting information concerning the schedule change at the principal office of the public body. Newspaper publication is not required for rescheduling a single meeting.

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.

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.

ILLINOIS FINANCE AUTHORITY BOARD MEETING 2025

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