Illinois State Treasurer

Mike Frerichs at Inauguration 2015
Brian Mackey/WUIS

A scholarship program run by the state treasurer's office is on hold. For about a decade, the treasurer's office has given out scholarships. It's a program associated with the Bright Start college savings program.

Treasurer Michael Frerichs ordered an independent review upon taking over the office in January. The report found there aren't proper rules to determine how the treasurer should award the scholarship money.

On top of that, he says there was no follow up. Only about half of the scholarships have been used.


Democratic state Senator Mike Frerichs appears to have won the race to be the next state treasurer.

If the current totals hold, this will go down in history as one of Illinois' narrowest general election victories.

According to the independent Illinois Election Data website, Frerichs won by fewer than 10,000 votes — a fraction of a percent of the 3.5 million votes cast.

No matter, a win is a win, and Republican state Rep. Tom Cross conceded the race.

Senator Mark Kirk facebook

U.S. Sen. Mark Kirk is requesting a federal inquiry into what he's calling ``voting irregularities'' and ``mishandling of ballots'' during this month's election.
In a letter dated Monday and obtained by The Associated Press, the Illinois
Republican asks U.S. Attorney Zachary Fardon to ``secure'' questioned ballots
and ensure proper handling.
Kirk references allegations raised last week by a lawyer for GOP candidate for
treasurer Tom Cross. Among them is that elections officials couldn't account for
all mail-in and provisional ballots.

Race For Ill. Treasurer Remains Undecided

Nov 11, 2014

There are still thousands of votes yet to be counted in the race for Illinois State Treasurer. The contest between Republican Tom Cross and Democrat Mike Frerichs is shaping up to be the closest in Illinois history. Currently, Cross holds a 500 vote lead over Frerichs -- one one-thousandth of a percentage point, and still too close to call.

But Cross' campaign alleges some voters who cast provisional ballots voted more than once. Cross' campaign manager Kevin Artl says his team saw the same names coming up twice in lists provided by the Cook County Clerk's office.


The race for state treasurer remains too close to call days after Illinois voters went to the polls.
Both Republican Tom Cross and Democrat Mike Frerichs remain hopeful that uncounted absentee and provisional votes break their way.
Cross led Frerichs by 21,000 votes out of 3.4 million cast when The Associated Press stopped tabulating the vote count on Wednesday evening.
Cross spokesman Kevin Artl contends that Frerichs is not getting enough votes
still being tallied to make up the difference.

Tom Cross for Treasurer campaign

Tom Cross of Oswego has spent more than 20 years as a member of the Illinois House of Representatives.  A former prosecutor, for over a decade he was the House Republican Leader.  

Now Cross, 56, wants to be state Treasurer.  He won the GOP nomination and faces Democratic state Senator  Mike Frerichs of Champaign.  The position is responsible for investing state dollars.

Cross said he feels current Treasurer Dan Rutherford has done "a nice job" streamlining the office and it's budget.  But he said he can take the office in a different direction.

While Gov. Pat Quinn and his Republican opponent Bruce Rauner battle over the the job of governor, the races for some of the state's constitutional offices are heating up, too. The treasurer's office oversees Illinois' investments and provides several services, including college savings plans for residents and a loan program for farmers. State Sen. Michael Frerichs, the Democratic candidate for state treasurer, joined us to talk about the campaign. Frerichs is running against former House minority leader Tom Cross.

Illinois lawmakers have long debated whether to combine the offices of comptroller and treasurer. Both candidates for treasurer are competing to one-up each other over whether the office should even exist.

Lawyers for Illinois Treasurer Dan Rutherford are asking a federal judge to dismiss a lawsuit by an ex-employee alleging sexual harassment and forced political work on state time.  

The motion in U.S. District Court in Chicago seeks to end the lawsuit by Edmund Michalowski.
Michalowski worked for the former Republican candidate for governor for three years before leaving in January and filing the lawsuit.  

The document contends Michalowski's claims that he was disciplined for not doing campaign work on state time are not plausible.  

  When state treasurer Dan Rutherford announced a run for governor, the Republican left his seat wide open. Two GOP candidates are vying for that party’s nomination on Tuesday.

Former House minority leader Tom Cross (R-Oswego) left his position in the fall to run for treasurer. He's promising to use a new tool to force a balanced budget: The threat of suing the General Assembly and the governor.

Cross says having that card in his back pocket will make sure the state doesn’t spend more than it takes in, like the state's constitution mandates.

A former employee in Illinois Treasurer Dan Rutherford's office has filed a lawsuit alleging sexual harassment and that the Republican gubernatorial candidate made him do political work on state time.  
The lawsuit was filed Monday in Chicago's federal court on behalf of Ed Michalowski. He was a lawyer and director in Rutherford's office.  

The complaint alleges Rutherford made inappropriate sexual advances toward Michalowski, among other things.  
Rutherford has said there's ``absolutely no truth'' to the former employee's claims.