Madison - St. Clair News

Recent News About Illinois State Treasurer Mike Frerichs

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  Judge denies suit over IL debt, says court can't rule if lawmakers violated state constitution's 'specific purpose' rule

  By Jonathan Bilyk | Thursday, Aug 29, 2019 @ 6:01pm

  A judge in Springfield has refused to permit a lawsuit to continue which asserted the state’s constitution never intended to allow the state government from using debt, issued under the state’s bonding authority, to pay for operating expenses. The plaintiff in the case has vowed to appeal, saying the judge reached a wrong and hasty conclusion on the questions at the heart of the dispute.

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  Rauner issues amendatory veto of unclaimed property bill; Hammers 'overreach of private auditing firms'

  By Ann Maher | Monday, Aug 28, 2017 @ 6:40am

  SPRINGFIELD - Gov. Bruce Rauner on Friday issued an amendatory veto of a bill requiring insurance companies with electronic records to locate beneficiaries of unclaimed life insurance policies as far back as 2000.

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