 |
| CFO Lois Scott Credit: Nancy Stone/Chicago Tribune |
Just as Mayor Rahm Emanuel heads into a second term facing a sea of financial woes, his Chief Financial Officer Lois Scott announced Friday that she's leaving City Hall.
Scott solidified herself as a trusted aide whom Emanuel leaned on to navigate the city's mounting debt and unfunded pension liabilities, but she also has overseen the mayor's largely unsuccessful effort to attract private investment to projects through his Chicago Infrastructure Trust.
"Despite facing a litany of financial challenges from my very first day on the job, I am proud of the gains we have made in building a stronger financial foundation for Chicago's future," Scott said in a statement. "It has been a privilege to serve with a world-class team and at such a critical time for our city."
Scott did not respond to a request for an interview. She informed her staff Friday that she would be leaving May 20.
Scott's departure comes after Emanuel announced earlier this week that he will take steps to eliminate or phase out city borrowing practices that have long been criticized by financial experts. But City Hall still faces ballooning pension payments starting next year that could trigger significant tax increases and service cuts.
More: www.chicagotribune.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.