Illinois State Treasurer’s Office News Releases

CHICAGO — The state of Illinois could have earned $5.5 million more in investment income in the third quarter of 2016 as a result of the year-long budget impasse, Illinois Treasurer Michael Frerichs said today. “Our goal is to maximize every investment opportunity to get the best return for the state, but planning is difficult without a full-year budget in place,” Frerichs said. “When the Governor and General Assembly reconvene next month, I am hopeful they will find compromise and focus on passing a full-year, balanced budget to minimize further…

SPRINGFIELD — Illinois Treasurer Michael Frerichs announced a $10 million investment in Israel bonds. The investment matures in July 2018. “Israel Bonds remain a strong, reliable investment with a good return for Illinois, ” said Frerichs. “This investment is a great way to diversify our portfolio while also reaffirming our special relationship with the State of Israel.” Since visiting Israel this summer and seeing firsthand the projects funded via Israel Bonds, Frerichs increased the state’s investments in Israel Bonds by $5 million. Illinois now invests a total of $30 million…