Illinois State Treasurer’s Office News Releases
2016 Cream of the Crop Photo Winners Announced
Start Taking Photos for Next Year Today SPRINGFIELD — Illinois State Treasurer Michael Frerichs today announced the winners of the 2016 Cream of the Crop Photo Contest. The annual contest encourages young photographers to share their vision of agriculture in our state. “The imagination of our children never fails to amaze and is clearly evident in these photos,” Frerichs said. “These beautiful images are strong evidence that our future is bright regardless of the challenges that we face today.” The winning entries will be featured at the treasurer’s tent during…
Missed Investment Income Despite 6-Month Budget
CHICAGO — The state of Illinois earned $7.9 million less in investment income in the second quarter of 2016 as a result of the year-long budget impasse, Illinois Treasurer Michael Frerichs said today. Despite the six-month budget plan signed on June 30, the last day of the fiscal year, $31 million remains the projection for missed earnings for 2016. “The damage is already done. Even though we still made money from our investments, one year with no budget created missed opportunity for our state,” Frerichs said. “We will continue to…