Illinois State Treasurer’s Office News Releases

SPRINGFIELD — Illinois Treasurer Michael W. Frerichs announced today a $10 million investment in Israel bonds. The investment matures in February 2019. “This is a strong investment for Illinois as well as Israel,” said Frerichs. “Our policy is to seek good returns from safe investments. Whenever possible we seek those investments in Illinois but any sound portfolio needs diversification and Israel Bonds provide excellent returns and have never defaulted in over 60 years. In addition this investment reaffirms our special relationship with the State of Israel.” The Illinois Treasurer invests…

SPRINGFIELD — Illinois Treasurer Michael Frerichs’ statement regarding the Governor’s decision to veto legislation that would have funded community colleges and honored promises made to poor college students receiving MAP grant tuition assistance. “The Governor hurt the working poor and local taxpayers today.” “Last year, we made a promise to 130,000 students and their families that we would help pay for college so they could achieve a better life. I don’t know when it became fashionable to not honor a promise.” “Not doing so also hurts taxpayers. Community colleges are…

SPRINGFIELD — Illinois Treasurer Michael Frerichs will join farmers, lenders, and agribusiness owners next week for roundtable meetings throughout the state to share details about the recent improvements to the Ag Invest Program. The roundtable events are free and open to the public. The media is also invited to attend. WHO: Michael Frerichs, Illinois State Treasurer. WHAT: Treasurer Frerichs will share details about new improvements to the Ag Invest Program. The program partners with approved financial institutions across the state to provide qualified farmers and agriculture professionals with below-market interest-rate…