2016

SPRINGFIELD — “Middle class families and common sense lost today.” “Last year, we made a promise to 130,000 students and their families that we would help pay for their education. We made a promise and we should not have broken it.” “The veto decision was penny-wise and pound-foolish as is this decision not to keep our promise.” “A better education means a higher paying job, which means more revenue for the state. A better educated workforce attracts more employers, which means more jobs for Illinoisans. The Governor talks about improving…

SPRINGFIELD — Illinois Treasurer Michael W. Frerichs announced today a $10 million investment in Israel bonds. The investment matures in February 2019. “This is a strong investment for Illinois as well as Israel,” said Frerichs. “Our policy is to seek good returns from safe investments. Whenever possible we seek those investments in Illinois but any sound portfolio needs diversification and Israel Bonds provide excellent returns and have never defaulted in over 60 years. In addition this investment reaffirms our special relationship with the State of Israel.” The Illinois Treasurer invests…

SPRINGFIELD — Illinois Treasurer Michael Frerichs’ statement regarding the Governor’s decision to veto legislation that would have funded community colleges and honored promises made to poor college students receiving MAP grant tuition assistance. “The Governor hurt the working poor and local taxpayers today.” “Last year, we made a promise to 130,000 students and their families that we would help pay for college so they could achieve a better life. I don’t know when it became fashionable to not honor a promise.” “Not doing so also hurts taxpayers. Community colleges are…

SPRINGFIELD — Illinois Treasurer Michael Frerichs will join farmers, lenders, and agribusiness owners next week for roundtable meetings throughout the state to share details about the recent improvements to the Ag Invest Program. The roundtable events are free and open to the public. The media is also invited to attend. WHO: Michael Frerichs, Illinois State Treasurer. WHAT: Treasurer Frerichs will share details about new improvements to the Ag Invest Program. The program partners with approved financial institutions across the state to provide qualified farmers and agriculture professionals with below-market interest-rate…

CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration at the James R. Thompson Center in Chicago to commemorate Black History Month. The event was an opportunity to reflect on the great achievements of African Americans and present awards to active leaders in the community. “It is important that we acknowledge the great achievements and contributions of African Americans every day, not only during the month of February,” Treasurer Frerichs said. “Today, we all stood united to recognize past and current leaders for their dedication to making our…