Treasurer Frerichs Eclipses $1.2 Billion In Investment Earnings For State Portfolio During 2023
SPRINGFIELD – The State Treasurer’s Office has made more than $1.2 billion in investment earnings from the state investment portfolio in 2023, Illinois Treasurer Michael Frerichs announced today. That amount includes the $115 million earned in November. Another $891 million in gross investment earnings was earned for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool operated by the State Treasurer’s Office. That amount includes $86.6 million earned in November. “Every dollar we make through smart, safe investing is a dollar that does not need to be raised in taxes,” Treasurer Frerichs said. “The Treasurer’s Office is part of the solution in Illinois.” Treasurer Frerichs is the state’s Chief Investment and Banking Officer. He is responsible for the state investment portfolio and an investment pool for units of local government
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