Illinois State Treasurer’s Office News Releases

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Treasurer Frerichs Brings Ag Invest Meetings to Rockford and Waterloo

SPRINGFIELD — Illinois Treasurer Michael Frerichs said today that he will bring his Ag Invest informational meetings to Rockford in Northern Illinois and Waterloo in Southern Illinois. The meetings share improvements made to the Ag Invest program after collecting suggestions from Illinois farmers, bankers and the public. “We encourage everyone who has a n interest in Illinois agriculture, especially farmers and bankers with a financial interest, to attend a roundtable conversation and learn more about financing their operation ,” Frerichs said. “Recent changes to the Ag Invest program provide more…

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Map Veto Override Statement

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…

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Illinois Invests $10 Million in Israel Bonds

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…

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Treasurer Frerichs’ Statement on the Governor’s Decision to Veto MAP Grant Funding

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…

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