Treasurer Frerichs Made $1.33 Billion In Investment Earnings For State Portfolio During 2023
SPRINGFIELD – The Illinois State Treasurer’s Office made $1.33 billion in investment earnings from the state investment portfolio during 2023, Illinois State Treasurer Michael Frerichs announced today. Another $978.8 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 investing is a dollar that does not need to be raised in taxes for our cities, counties, and schools,” Treasurer Frerichs said. “That means they have more money for public safety, road maintenance, and teaching materials as well as other programs vital to communities across the state.” “We cannot solve all of the state’s challenges,” Treasurer Frerichs said, “but we can be part of the solution.” Treasurer Frerichs