Treasurer Frerichs Eclipses $5 Billion In Investment Earnings for State Portfolio
SPRINGFIELD - Illinois Treasurer Michael Frerichs announced today that he has made more than $5 billion in investment earnings from the state portfolio during his time in office. With one month to go in the state’s Fiscal Year 2025, investment earnings are up 6.07% over the same 11 months in Fiscal Year 2024. “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.” Treasurer Frerichs also has surpassed $3 billion 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 State Treasurer’s Office operates. The Illinois Funds has received the highest rating
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