Treasurer Frerichs Makes $118 Million In Investment Earnings For State Portfolio During September
SPRINGFIELD – The State Treasurer’s Office made nearly $118 million in investment earnings from the state investment portfolio in September, Illinois Treasurer Michael Frerichs announced today. Another $86.7 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. “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 called Illinois Funds. Key monthly metrics and more are available in The Vault, the transparency website that
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