Illinois State Treasurer’s Office News Releases
July 15, 2025 – Illinois State Treasurer Michael Frerichs Returns Record $303 Million to People, Businesses, Nonprofits in Fiscal Year 2025
Treasurer Michael Frerichs presents an over-sized check to a woman at an ICash event.
Treasurer Frerichs Eclipses $5 Billion in Investment Earnings for State Portfolio
Surpasses $3 billion earned for cities, schools through Illinois Funds Illinois Treasurer Michael Frerichs announced today that he has generated more than $5 billion in investment earnings from the state portfolio during his tenure. With one month to go in the state’s Fiscal Year 2025, investment earnings are up 6.07% compared with the same 11 months of Fiscal Year 2024. “Every dollar we earn in interest for the people of Illinois is a dollar that lawmakers don’t have to raise in taxes,” Frerichs said. “We are trying to maximize earnings…