Illinois 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.

Illinois' next state treasurer won the Nov. 4 election
by 9,225 votes _ the third-closest statewide race since at least 1900.
 Democrat Michael Frerichs  beat Republican Tom Cross 48 percent to
47.8 percent out of 3.5 million votes cast. Records collected and analyzed by
The Associated Press show that the 0.261 percentage-point difference ranks it
behind only the 198-2 race for governor and 1952 campaign for secretary of
 The Illinois State Board of Elections formally declared Frerichs the winner at

campaign photos

Last month, Champaign Senator and Illinois treasurer candidate Mike Frerichs found himself on the defensive after opponent Tom Cross blamed him for costing Champaign County millions of dollars more than a decade ago, when he served as county auditor.  He and the Republican challenger are at odds over an early retirement program.

Cross (R-Oswego) contends the plan, passed more than a decade ago by the Champaign County Board, backfired, while Frerichs calls those allegations ‘lies’.

Host Amanda Vinicky and guests Charlie Wheeler (UIS), Bob Gough (Quincy Journal), and Andy Maloney (Chicago Daily Law Bulletin) discuss accusation being addressed quietly by treasurer Dan Rutherford.

CapitolView is a production of WSEC-TV/PBS Springfield, Network Knowledge.

Grogan Says He's Best Qualified To Be Treasurer

Sep 19, 2013
Dupage County official website

A suburban Chicago Republican running for Illinois treasurer says he has the best qualifications for the job as an accountant and county auditor.  

Bob Grogan of Downers Grove is the only 2014 opponent so far to House Republican Leader Tom Cross.  
Grogan says he knows he doesn't have the name recognition that Cross does, but he's spent years straightening out public finances and wants to do the same for the state. Grogan is a certified public accountant who worked for a downtown Chicago firm. He's since been twice elected auditor of DuPage County.