The fund was included in then-Mayor Rahm Emanuel’s 2017 budget as a way to bridge the funding gap between Downtown and the rest of the city. But the fund never generated a penny of outside investments.

City Treasurer Melissa Conyears-Ervin wants to get rid of the Chicago Catalyst Fund as a way to help avert police and fire department layoffs.
City Treasurer Melissa Conyears-Ervin wants to disband a fund created a decade ago to jump-start development in South and West Side neighborhoods, and use the remaining $57 million to prevent the city’s midyear budget shortfall from triggering police and fire department layoffs.




