Illinois State Treasurer’s Office News Releases

Illinois government offices building in Springfield Illinois

Treasurer Michael Frerichs Statement on the $1.5 Billion Transit Package Approved by the Illinois General Assembly

Before they adjourned for the year, Illinois state lawmakers approved a $1.5 billion funding package to reform and rebuild public transit. Part of the plan is to earmark money that the Illinois Treasurer’s Office earns from investing revenues from the Road Fund and another transportation-related fund. I appreciate the Governor and General Assembly coming together to address mass transit needs, as well as their confidence in me. But it is unlikely we can continue to generate $200 million in annual interest earnings. President Trump’s pressure campaign on the Federal Reserve…

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Treasurer Michael Frerichs smiling against a backdrop of Chicago

Treasurer Michael Frerichs’ Office Publishes Annual Report on Small Business Spending

Treasurer Michael Frerichs’ Office Publishes Annual Report on Small Business Spending Illinois State Treasurer Michael Frerichs’ office increased its small business spending by more than 37 percent from Fiscal Year 2024 to Fiscal Year 2025, a new report states. During Fiscal Year 2025, the Treasurer’s Office spent a total of $1,346,772.54 on contracts and other purchases with small businesses, which represents more than 5 percent of the Office’s overall contract and purchase spending of $24,386,667.87. For comparison, spending during Fiscal Year 2024 totaled $978,370.74. The information is included in the…

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Illinois State Flag featured next to a white Spanish Colonial Revival style building

Illinois State Treasurer Michael Frerichs Announces $50 Million Loan Program to Help Federal Workers During Shutdown

Illinois State Treasurer Michael Frerichs Announces $50 Million Loan Program to Help Federal Workers During Shutdown An estimated 153,000 Federal Workers in Illinois Illinois State Treasurer Michael Frerichs is committing $50 million to fund zero-interest and low-interest loans to unpaid federal workers during the government shutdown. The loans will be issued through participating banks and credit unions across Illinois, with money made available through the Treasurer’s linked-deposit program. An estimated 153,000 federal employees live and work in Illinois. It is uncertain how many are not receiving their salaries since Oct.…

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Treasurer Michael Frerichs poses with the recipients of LGBTQ+ awards in 2025

State Treasurer Michael Frerichs Honors Illinois LGBTQ+ Leaders

State Treasurer Michael Frerichs today hosted a celebration in Chicago to commemorate LGBTQ+ History Month. The event was an opportunity to reflect on the significant achievements of lesbian, gay, bisexual, transgender, and queer people, and their allies. Frerichs presented awards to leaders in the community, business, education, government, labor, sports, and arts and humanities. “Today, we honor the contributions of our LGBTQ+ neighbors and friends,” Frerichs said at the celebration lunch in the state government building at 555 W. Monroe St. “We thank them for their ongoing dedication to justice…

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Treasurer Frerichs posing against a blue curtain and the U.S. flag with recipients of Hispanic Heritage Month awards in 2025

Treasurer Michael Frerichs Honors Hispanic Leaders in Celebration of Hispanic Heritage Month

Nonprofit Leaders, Entrepreneur, Aurora University President, South Suburban College Soccer Coach, Labor Leader, and Theater Educator Recognized for Their Achievements Illinois State Treasurer Michael Frerichs today hosted a celebration to commemorate Hispanic Heritage Month and honor the work of community leaders from across the state. The event was an opportunity to reflect on great achievements and present awards to eight Latino leaders: the president of Aurora University; the head soccer coach at South Suburban College; an entrepreneur who launched importing and candy businesses; the president and CEO of a community…

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