Illinois State Treasurer’s Office News Releases

illinois state treasurer seal

Treasurer Frerichs Makes Record $124.6 Million In Investment Earnings For State Portfolio During August

SPRINGFIELD — The State Treasurer’s Office made a record $124.6 million in investment earnings from the state investment portfolio in August, Illinois Treasurer Michael Frerichs announced today. Another $91.7 million in gross investment earnings was 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 through smart, safe investing is a dollar that does not need to be raised in taxes,” Treasurer Frerichs said. “The…

Read MoreTreasurer Frerichs Makes Record $124.6 Million In Investment Earnings For State Portfolio During August
illinois state treasurer seal

Illinois State Treasurer Michael Frerichs On the Passing of Representative Bill Black

SPRINGFIELD — I had the privilege of knowing and working with Bill Black and the honor to call him a friend. My heart goes out to Sharon and all of Bill’s family on his passing. I was blessed to have Bill as a mentor when I was elected to the State Senate. The Republican Representative from Danville and the Democratic Senator from Champaign were able to get a lot done for our constituents in Champaign and Vermillion counties. Bill was a loyal Republican, who frequently served as a floor leader…

Read MoreIllinois State Treasurer Michael Frerichs On the Passing of Representative Bill Black
illinois state treasurer seal

Treasurer Frerichs Returns Nearly $800,000 in Unclaimed Property at the 2023 Illinois State Fair and DuQuoin State Fair

SPRINGFIELD — State Treasurer Michael Frerichs announced today that almost $800,000 in unclaimed property –more than $515,000 in cash payments and $273,000 in stock value –are on the way to the rightful owners because of his office’s outreach efforts at the Illinois and DuQuoin State Fairs. “This level of success reflects the hard work we do in my office,” Frerichs said. “A key part of my job as Treasurer is to do whatever we can to return unclaimed property to the proper owners or their heirs. My staff and I…

Read MoreTreasurer Frerichs Returns Nearly $800,000 in Unclaimed Property at the 2023 Illinois State Fair and DuQuoin State Fair
Disabled student in classroom.

Treasurer Frerichs Expands Outreach Efforts For IL ABLE Savings Program

SPRINGFIELD — As students head back to school, parents of children with Individualized Education Plans will receive information about a State Treasurer’s Office program that helps families save money for disability-related expenses. For the first time, Illinois school districts are required by law to include material about the Illinois ABLE (Achieving a Better Life Experience) program as part of a student’s IEP review meeting. “We want more families to be aware of an important program that allows them to save for their child’s future,” said Illinois Treasurer Michael Frerichs, whose…

Read MoreTreasurer Frerichs Expands Outreach Efforts For IL ABLE Savings Program
illinois state treasurer seal

Illinois Treasurer Michael Frerichs Makes Initial Investment from Breakthrough FIRST Fund

CHICAGO — Illinois State Treasurer Michael Frerichs today launched the breakthrough FIRST Fund investment portfolio to jump-start local construction projects, foster economic development, and create good-paying jobs while generating investment returns for state taxpayers. Joined Wednesday by Illinois labor leaders leading into Labor Day, Frerichs announced a $75 million investment in the Ullico Infrastructure Fund, a $4.5 billion effort that supports projects in the power, utilities, energy, transportation and digital sectors. Ullico provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. For every $1…

Read MoreIllinois Treasurer Michael Frerichs Makes Initial Investment from Breakthrough FIRST Fund