Illinois State Treasurer’s Office News Releases

SPRINGFIELD — Illinois State Treasurer Michael W. Frerichs is warning that a potential federal government shutdown would harm Illinois families, workers, veterans and businesses, as well as the entire U.S. economy. The federal government is poised to shut down in two stages – with the first occurring this weekend – if the U.S. House and Senate cannot agree on a spending plan by the end of this week. “Members of Congress must do their job and govern, even when that means making difficult decisions. House Republicans, in particular, must back…

SPRINGFIELD — The State Treasurer’s Office has made more than $3 billion in investment earnings from the state investment portfolio during Illinois Treasurer Michael Frerichs’ tenure. An additional $1.75 billion in gross investment earnings has been earned for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool operated by the State Treasurer’s Office. “Every dollar we make is a dollar that does not need to be raised in taxes,” Treasurer Frerichs said in announcing the financial…