STATEMENT: Treasurer Summers Statement on President Obama’s State of the Union Address

Chicago Serves as National Model for Free Community College

Treasurer Kurt Summers today applauded President Barack Obama for his 2015 State of the Union Address, which focused on middle class economics and helping working families get ahead. Supported by Treasurer Summers, the President’s proposals include expanding the Earned Income Tax Credit (EITC), making it easier for all workers to save for retirement and providing two years of community college free for responsible students, a model launched by Mayor Rahm Emanuel last fall. Treasurer Summers released the following statement:

“President Obama’s State of the Union Address hit close to home as Chicago’s initiative to provide deserving students with two free years of community college was given the national spotlight,” Treasurer Summers said. “This plan to ensure our children receive a high-quality education through college with a low financial burden is a vigorous investment in our city’s middle and working class—the foundation of Chicago’s future.”

Through the Chicago Star Scholarship, Chicago City Colleges (CCC) will provide scholarships in the form of tuition, fee and book waivers to qualifying high school graduates. The scholarship is open to any CPS high school graduate who has a 3.0 GPA or higher, places into college-level math and English, and enrolls in one of CCC’s pathway programs.

In his 90 Day Action Plan released in December, Treasurer Summers laid out a blueprint of potential opportunities to better serve and directly impact the people of Chicago. The plan includes responsibly and actively investing in Chicago, protecting retirement benefits, expanding financial education and enhancing small business opportunities across the city. In support of expanding access to the EITC Treasurer Summers is also recruiting a team of additional volunteers to provide free tax assistance to families in every neighborhood of the city.

Contact financialvolunteer@cityofchicago.org to learn how to volunteer.

 

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