Illinois State Treasurer’s Office News Releases
Treasurer Frerichs’ Bill to Pay Down Bill Backlog and Save Up to $100 Million Each Year Becomes Law
SPRINGFIELD — Governor Rauner today signed a bipartisan measure that will pay overdue bills, earn a higher interest rate for state investments and save taxpayers up to $100 million each year. Illinois State Treasurer Michael Frerichs was the driving force behind SB 2858, which will allow the Treasurer’s Office to invest in the state’s unpaid receivables. In doing so, late bills will be paid more quickly, allowing the state to avoid interest penalties of up to 12 percent. The bipartisan bill passed the Senate 49-1 and the House 115-0. “When…
State Treasurer Frerichs, Staff Attend Sandwich Fair to Share Information about Programs that Invest in Illinois Families
SPRINGFIELD — Illinois State Treasurer Michael Frerichs and staff will attend the Sandwich Fair to inform attendees about office programs that invest in their families. The treasurer’s booth will be at B1-24. “The Sandwich Fair has a tradition of excellence and brings together generations of family and friends,” Frerichs said. “We find settings that feature family fun are perfect to introduce our programs that help families save for college, individuals with a disability save for therapy, and workers save for retirement.” College savings: Changes to the Bright Start and Bright…