universities across the state.”
Employers cite Illinois’ robust higher education system and certified job training programs as a significant factor in location decisions. A college degree or apprentice certificate shows employers that the individual can be trained and retrained as needed. Underfunding higher education needlessly presents uncertainty to our job creators.
Tuition assistance and an operating budget for public colleges and universities across Illinois remain among the few items in limbo two months into the new fiscal year.
“Surely we all agree that ensuring middle class and low-income students have the opportunity to earn a good education needs to be a top priority,” said Frerichs, who as a State Senator represented the University of Illinois and was chairman of the Higher Education Committee.
About the Illinois Treasurer
The Illinois Treasurer is the state’s Chief Investment Officer and Frerichs is a Certified Public Finance Officer. He protects consumers by encouraging savings plans for college or trade school, increasing financial education among all ages, and removing barriers to a secure retirement. As the state’s Chief Investment Officer, he actively manages approximately $25 billion. Currently, the portfolio includes $13 billion in state funds, $7 billion in college savings plans and $5 billion on behalf of local and state governments. The investment approach is cautious to ensure the preservation of capital and returns $28 to the state for every $1 spent in operations. The Treasurer’s office predates Illinois’ incorporation in 1818.
Voters in 1848 chose to make it an elected office.
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