Illinois State Treasurer’s Office News Releases

SPRINGFIELD — State Treasurer Michael Frerichs encourages new parents to open a Bright Start or Bright Directions college savings account and claim their $50 seed deposit from the new Illinois First Steps program. “Illinois First Steps helps place families on a path to start planning early for their child’s education,” Frerichs said. “Saving now means money for the child’s future university, community college, trade school, or apprenticeship will be available when that child is ready to pursue additional education or training.” To qualify for the $50 seed deposit, parents or…

SPRINGFIELD — The State Treasurer’s Office made a record $115.7 million in investment earnings from the state investment portfolio in June, Illinois State Treasurer Michael Frerichs announced today. Another $81.1 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. “The State Treasurer’s Office is an economic engine for Illinois,” Frerichs said. “Every dollar we make through smart, safe investing is a dollar…