Treasurer Frerichs Makes Record $1.57 Billion In Investment Earnings for State Portfolio During FY25
SPRINGFIELD – The State Treasurer’s Office made a record $1.57 billion in investment earnings from the state investment portfolio during Fiscal Year 2025, Illinois Treasurer Michael Frerichs announced today. Treasurer Frerichs is the state’s Chief Investment and Banking Officer. He is responsible for investing state revenue in the state investment portfolio . “Every dollar we earn in interest for the people of Illinois is a dollar that lawmakers don’t have to raise in taxes,” Frerichs said. “We are trying to maximize earnings for our state at a time when the Trump administration is looking to strip away health care for working families to give billionaires a tax cut.” Also in Fiscal Year 2025, the Treasurer’s Office made $998 million in gross investment earnings for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool the
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