Chicago Mayor Brandon Johnson’s CFO Resigns, Citing Refusal to ‘Compromise My Integrity’
Gabrysch said she could not provide complete and accurate financial statements as the city faced a $662 million budget gap and pressure over police settlements.
- On Friday, Chicago Chief Financial Officer Ashlee Gabrysch resigned after three months, stating she could not fulfill her obligation to provide "complete and accurate" financial statements about the city's finances.
- Gabrysch publicly clashed with the administration over budget transparency, disputing the claim that 76% of gap-filling proposals were structural and arguing that borrowing $481 million for police settlements should count as one-time measures instead.
- Mayor Brandon Johnson's office accused Gabrysch of being "largely absent" during the $17.6 billion budget's development and claimed she directed a $75 million payment without proper authority, referring the matter to the Inspector General.
- Finance Chair Pat Dowell demanded an independent audit of city finances, while Alderman Bill Conway called for investigation, suggesting the mayor's office pressured Gabrysch to present false information.
- Her departure marks the third CFO resignation in one year for Chicago, threatening to trigger further bond rating downgrades and deter investors amid a severe budget crisis with 46 days remaining to finalize the 2027 budget.
16 Articles
16 Articles
City's CFO Resigns Rather Than ‘Compromise My Integrity,’ Sparking Calls For Investigation
Ashlee Gabrysch took the role in August. Her resignation comes in the middle of yet another budget stalemate between the City Council and Mayor Brandon Johnson.
Capitol Fa - Your Illinois News Radar » Chicago CFO quits, says staying would ‘compromise my integrity’CapitolFax.com
* Sun-Times… The abrupt resignation on Friday of Mayor Brandon Johnson’s third chief financial officer in a year could trigger another drop in Chicago’s already shaky bond rating and scare investors away from the city’s bonds. Ashlee Gabrysch’s departure sent shock waves through City Hall and beyond — her resignation comes in the middle of a budget [...]
Chicago CFO Ashlee Gabrysch resigns, says continuing would "compromise integrity"; mayor's office asks for review
Chicago's CFO resigned abruptly Friday, writing that to continue in her role would "compromise my integrity and professional obligations." The mayor's office says they also have questions about her conduct and "welcome a full review."
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