The State Treasurer of Illinois is responsible for managing the state’s financial resources and investments to ensure the long-term financial stability of the state. Some of the specific job responsibilities of the State Treasurer of Illinois may include:
- Investment management: The State Treasurer is responsible for managing the state’s investments, including investments in stocks, bonds, and other financial instruments. The Treasurer must balance the need for returns on investments with the need to ensure the safety and security of state funds.
- Cash management: The State Treasurer is responsible for managing the state’s cash flow, including managing the state’s bank accounts and ensuring that there is sufficient cash available to meet the state’s financial obligations.
- Unclaimed property: The State Treasurer is responsible for managing the state’s unclaimed property program, which involves identifying and returning lost or abandoned property to its rightful owners.
- College savings programs: The State Treasurer is responsible for managing the state’s college savings programs, which allow families to save for future college expenses.
- Financial education: The State Treasurer is responsible for promoting financial literacy and education programs throughout the state to help Illinois residents better manage their finances.
- Other duties as assigned by the Governor: The State Treasurer may also be tasked with other responsibilities by the Governor, such as serving on state committees or leading task forces focused on specific issues affecting the state.
Overall, the State Treasurer of Illinois plays a critical role in managing the state’s financial resources and ensuring the long-term financial stability of the state. They work with state agencies, local officials, and community stakeholders to ensure the efficient and effective use of state funds, and to promote financial education and literacy throughout the state. To contact the State Treasurer’s office, click here.