Possible $14.9 million worth of leftover NATO funds from summit to be spent by Chicago Mayor Rahm Emanuel on NATO “legacy” projects; including DREAM Fund.

 

 
Emanuel controls leftover NATO funds
Mayor in the driver’s seat over how to spend as much as $14.9 million in unused private donations

August 24, 2012|By Jeff Coen and David Heinzmann, Chicago Tribune reporters

Mayor Rahm Emanuel has spending authority over millions of dollars in private donations left from the NATO summit, giving him a powerful new tool to reward projects and causes he supports, the Tribune has learned.

The private donations were raised by Emanuel allies to help cover the city’s share of hosting the May gathering of world leaders in Chicago, and officials have only said that any remaining money — currently as much as $14.9 million — would be spent on undefined NATO “legacy” projects.

But this week, the mayor’s office and officials at World Business Chicago, the city’s economic-development arm, confirmed that Emanuel will decide how to dole out the money. Emanuel aides and officials at WBC, which Emanuel chairs, will be involved in his decisions.

The first sign of how Emanuel wants to spend the money came Aug. 15, when the mayor announced he was contributing $150,000 from the NATO donations to the Illinois DREAM Fund, a state program to create college scholarships for undocumented students who are in the country illegally. The controversial program is popular with fellow Democrats as well as Latinos who make up an increasingly strong political constituency.

Both the mayor’s office and WBC said the choice was a good example of a NATO legacy project, without providing any details of how the choice came about or how future decisions will be made.

continued…

Read more: http://articles.chicagotribune.com/2012-08-24/news/ct-met-emanuel-nato-funds-20120824_1_nato-host-committee-chicago-nato-summit-world-business-chicago

 

1 comment to Possible $14.9 million worth of leftover NATO funds from summit to be spent by Chicago Mayor Rahm Emanuel on NATO “legacy” projects; including DREAM Fund.

  • keebler

    dont suppose emmanuel, he ‘ballerina’ could use the funds to help pay down the 108 billion cook county has in debt, right??? makes 2 much sense

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