Illinois State Treasurer’s Office News Releases

New, Common-Sense Approach Uses Technology to Identify Sole Owners of $2,000 or Less in Cash Approximate Value in Champaign County: $210,755 CHAMPAIGN — The new ‘Money Match’ program will automatically return lost money to Illinois residents without the usual need to gather paperwork or file a claim, Illinois State Treasurer Michael Frerichs said today. The ‘Money Match’ program uses existing technology and state records to match unclaimed cash with qualifying Illinois taxpayers. The property must be $2,000 or less in cash with only one owner. The goal is to return…

Rauner Action Likely Unconstitutional SPRINGFIELD — In a blatant display of financial mismanagement, Gov. Rauner used an amendatory veto to block a state treasurer’s initiative that would allow the office to purchase a building so it can consolidate leases and save $420,000 each year, Illinois State Treasurer Michael Frerichs said today. The amendatory veto is likely unconstitutional because Rauner gutted bipartisan legislation and instead inserted language to rewrite the state’s unclaimed property laws. Amendatory vetoes cannot substitute a completely new bill. Rauner’s rewrite deletes the text of the entire underlying…