Illinois State Treasurer’s Office News Releases

SPRINGFIELD — Collectible coins, gold jewelry and sterling dinnerware are some of the 11,600 unclaimed property items worth $45,000 to be auctioned online June 20- 24. “Our unclaimed property team works hard to return valuables to their rightful owners,” Illinois Treasurer Michael Frerichs said. “If the property goes unclaimed for 10 years, the items are auctioned to make room for incoming unclaimed items.” Items include a 1911 Indian Head 2½ dollar gold coin; a 22KT gold necklace; a 1918 Illinois Centennial half dollar coin; and vintage Hohner harmonicas. All 130…

CHICAGO — The state of Illinois earned $7.8 million less in investment income the first quarter of 2016 as a result of the budget impasse, Illinois Treasurer Michael Frerichs said today. That translates into projected missed earnings of $31.2 million for 2016. Threats of unplanned fund sweeps and the need to pay court-ordered bills required the treasurer’s office to make short -term investments that prioritized cash availability rather than longer-term, higher-yielding investment opportunities. “A budget is a spending plan. Without a spending plan, it is very difficult to know what…