Chicago’s finance chief resigns amid scandal

Chicago’s top financial officer, Michael T. Sullivan, has resigned amid an investigation into allegations that he received thousands of dollars in compensation for recommending and approving a sale of Chicago Public Schools property.

The city announced Thursday that Sullivan will leave his post after completing a review of the matter.

Sullivan is the former chief financial officer for the city’s school system.

Chicago Public School’s board of directors met this week to discuss the investigation, which is being conducted by the Illinois attorney general’s office.

The investigation comes as Chicago faces a growing scandal involving school officials, teachers, and principals.

The school system has been under scrutiny for months after it became the subject of a federal investigation into improper payments to principal Salomon B. Zucco and others, including a controversial sale of city-owned property for the district to buy a new football stadium.

In August, the city released a report detailing what it called the city-wide mishandling of the sale.

Sullivan also recommended a sale to private investors, but the deal was never finalized.

A Chicago Public Education spokesman did not immediately respond to Ars’ request for comment.

Sullivan did not respond to a request for additional comment.

The Illinois Attorney General’s office says that it’s looking into the city board’s decision to recommend and approve the sale of the city schools property.

“The Illinois Attorney Generals Office has been conducting a review for several months to determine if any wrongdoing occurred,” spokesman Chris Lacy said in a statement.

“In light of that review, we are not in a position to provide further comment at this time.”

Sullivan is expected to retire from the school system in the coming months.

The Emanuel administration has been grappling with the fallout from the Zuccos’ alleged wrongdoing.

The district’s board voted in June to dismiss former superintendent Garry McCarthy and four principals, including Sullivan.

McCarthy has denied wrongdoing.