(WBBM NEWSRADIO) —Chicago’s city treasurer reports that she’s been able to keep the city’s finances and efforts toward equity going strong, despite the global pandemic.
In a “State of the City Treasurer” address, Melissa Conyers-Ervin noted that the city’s investments and its pension funds did not lose any ground over the last year as the world dealt with COVID-19.
Chicago’s investments gained $188 million last year, and the pension funds grew between 10 and 15 percent, said Conyears-Ervin, who sits on the pension boards.
Meanwhile, she said Monday, more than half of the firms managing city assets have been owned by minorities, women, the disabled or veterans.
Financial literacy education programs are going strong, too, she said.
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