The State Treasurers Office recently reached a big milestone. Illinois State Treasurer Michael Frerichs says the investment earnings since he took office is now north of one billion dollars.

One billion dollars is a very large sum of money. According to Frerichs with the current interest rate environment, it makes the milestone even better.

This is not the first time this mark has been reached. Frerichs says it’s happened before, but it was under very different circumstances in terms of the interest rate environment.

With the interest rates being much higher than in 1999 when the feat was last achieved, it’s meant Frerichs had to get more creative to continue seeing gains. This is not the only area that they are seeing positive outcomes for. There are several other aspects where the office has been able to find money to aid citizens of the state.

Frerichs appeared as a guest on the Newstalk WTIM Morning Show.