Also in Fiscal Year 2024, which ended June 30, the Treasurer’s Office made a record $1.05 billion in gross investment earnings for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool the State Treasurer’s Office operates.
Sure helps in a high interest rate environment when you withhold property tax refunds for months on end, because the state somehow couldn’t verify the property number you’ve been providing them for the past 20+ years.
Robert L. Peters
1 year ago
What money did he “invest”. Where did it come from, what’s it for and why is it sitting around. This article seems like a puff piece that really doesn’t give any details as to whether it was a good return or good use of the money.
Old Spartan
1 year ago
Big WOW! Anybody who can count his change knows interest rates are up for the last two years across the board. Money market funds, short term treasuries and all kinds of corporate paper are all at fifteen year highs.
Sure helps in a high interest rate environment when you withhold property tax refunds for months on end, because the state somehow couldn’t verify the property number you’ve been providing them for the past 20+ years.
What money did he “invest”. Where did it come from, what’s it for and why is it sitting around. This article seems like a puff piece that really doesn’t give any details as to whether it was a good return or good use of the money.
Big WOW! Anybody who can count his change knows interest rates are up for the last two years across the board. Money market funds, short term treasuries and all kinds of corporate paper are all at fifteen year highs.