2024

SPRINGFIELD — Illinois State Treasurer Michael Frerichs’ office made a record $1.33 billion in investment earnings for the state portfolio in calendar year 2023, eclipsing revenue collected from gaming, the lottery and cannabis sales, he told a Senate Appropriations Committee today. “Every dollar we make in investment returns is a dollar you do not have to raise in taxes when crafting a state budget,” Frerichs said. “Our returns have been impressive for several reasons, not the least of which is cooperation from the General Assembly in creating new bipartisan ways…

SPRINGFIELD — Illinois State Treasurer Michael Frerichs returned nearly $20 million to Illinois residents during March through the state’s missing money program called I-Cash. The total includes more than $18.6 million in cash and interest and nearly $1.2 million in stock value. All told, 12,557 unclaimed property claims were paid in March. “We put money back in people’s pockets, and that helps their families and our state’s economy,” Frerichs said. “These dollars should be with their owners so they can decide how best to use the money rather than sitting…

SPRINGFIELD — Illinois State Treasurer Michael Frerichs likely has missing money for you, your spouse, your business or your favorite charity. Hundreds of thousands of people have billions of dollars in cash and property they have not claimed under the Illinois State Treasurer’s I-Cash program, which safeguards unclaimed property including unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Illinois State Treasurer Frerichs’ reminder is part of a statewide digital media, newspaper and direct mail push to reunite residents with more than $5 billion in unclaimed property. State…

SPRINGFIELD — Illinois State Treasurer Michael Frerichs is partnering with the Peoria PlayHouse Children’s Museum for a free admission day to encourage families to start saving early for college. “The best time to start saving for college is yesterday,” Frerichs said. “The second-best time to start saving is today.” The State Treasurer’s Office and Peoria PlayHouse are promoting Illinois 529 college savings plans. If a child knows they have a college savings plan, they are three times more likely to attend college. The free admission day will take place from…