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Illinois Treasurer

The Treasurer is charged by Article V, Section 18 of the Illinois Constitution with the safekeeping and investment of the monies and securities deposited into the state treasury. As such, the Treasurer is not the chief financial officer of Illinois. That role is occupied by a separate elected official, the Comptroller. Rather, the Treasurer functions as the chief banking and investment officer for the state of Illinois. In this capacity, the Treasurer receives payments made to the state, deposits monies with approved depository institutions, accounts for and manages the state's daily fund balances, directs and administers the investment of the state's portfolio of operating and proprietary funds, arbitrages bonds issued by the Governor, services principal and interest payable on state debt, and disburses public monies in redemption of warrants drawn by the Comptroller.Source: https://en.wikipedia.org/wiki/Illinois_Treasurer

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  • Candidate picture

    Michael W. Frerichs
    (Dem)

  • Candidate picture

    No Candidate
    (Rep)

Biographical Information

How should Illinois address its long-term pension obligations while remaining fiscally responsible?

Should the state constitutional offices of Comptroller and Treasurer be combined? Please explain.

Do you support full and public financial disclosure of all sources of campaign income for every elected official? Please explain. If yes, what is the Treasurer's role in implementing this disclosure?

How can the Treasurer support families facing rising college costs and student debt?

What role should the Treasurer play in expanding access to banking and financial services in underserved communities?

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