In April, the Illinois State Treasurer's Office generated over $126.4 million in investment earnings from the state investment portfolio. This was announced by Illinois Treasurer Michael Frerichs. The Illinois Funds Local Government investment pool, managed by the state treasurer's office, earned $88.8 million in gross investment earnings for participating cities, villages, school districts, counties, and other government units.

Frerichs says this earned interest income can be used to fix roads, repair bridges, purchase school supplies, and invest in our local communities. He highlights the role of the Treasurer's Office in contributing to local solutions through financial management.

Treasurer Frerichs, as the state's Chief Investment and Banking Officer, oversees the state investment portfolio and the Illinois Funds. For transparency, detailed monthly metrics are available on the website iltreasurervault.com.

To date in 2024, the Treasurer's Office has earned more than $501 million for the state portfolio. The office assists state agencies, boards, and commissions in managing and investing public funds that are not immediately spent.