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Illinois Treasurer's state investment portfolio makes record $130 million in May

The office has earned more than $1.3 billion for the portfolio so far in FY 2024.

Michael Frerichs discussed legislation making its way through the statehouse and how his office is working to help students with college savings plans.

CHICAGO — The Illinois State Treasurer's Office brought in more than $130 million in investment earning in May.

According to State Treasurer Michael Frerichs, his office has earned more than $1.3 billion for the portfolio so far in FY 2024.

“Every dollar we earn in interest is a dollar that lawmakers don’t have to raise in taxes,” Frerichs said. “The State Treasurer’s Office cannot solve all of our problems, but we can be part of the solution.”

You can review the results of the state's investments for yourself at this website.

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