Illinois Treasurer
General information
Office Type:	Partisan
Office website:	Official Link
Compensation:	$163,500
2025 FY Budget:	$3,707,826,330
Term limits:	None
Structure
Length of term:	4 years
Authority:	Illinois Constitution, Article V, Section 1
Selection Method:	Elected
Current Officeholder(s)
Illinois Treasurer Mike Frerichs Democratic Party Assumed office: January 12, 2015
Elections
Next election:	2026
Last election:	2022
Other Illinois Executive Offices
Governor •Lieutenant Governor •Secretary of State •Attorney General •Treasurer •Auditor •Comptroller •Superintendent of Education •Agriculture Director •Insurance Director •Natural Resources Director •Labor Director •Illinois Commerce Commission

TheTreasurer of the State of Illinois is the chief financial officer of the government ofIllinois.

Thetreasurer is responsible for maintaining the state funds and acting as the state's bank.^[1]

Current officeholder

The current Illinois Treasurer isMike Frerichs (D). Frerichs assumed office in 2015.

Authority

The treasurer's office is authorized byArticle V, Section 1 of theIllinois Constitution.

Article V, Section 1

Qualifications

Here is a list of the standard qualifications necessary underIllinois State Law in order to be considered for the Office of Treasurer:

• To be eligible to hold the office ofgovernor,lieutenant governor,attorney general, secretary of state, comptroller or treasurer, a person must be:

• a United States citizen, at least twenty-five (25) years old
• a resident of thisState for the three years preceding his election(Illinois Constitution, Article V § 3)

Elections

According toArticle V, Section 2 of thestate Constitution, state treasurers shall hold office for four years beginning on the second Monday of January after their election and until their successors are qualified. The state treasurer be elected at the general election in 1978 and every four years thereafter.

Election results

• 2030
• 2026
• 2022
• 2018

See also: Illinois Treasurer election, 2030

There are noofficial candidates yet for this election.

See also: Illinois Treasurer election, 2026

General election

The primary will occur on March 17, 2026. The general election will occur on November 3, 2026. General election candidates will be added here following the primary.

Democratic primary

Democratic primary for Illinois Treasurer

IncumbentMike Frerichs (D) is running in the Democratic primary for Illinois Treasurer on March 17, 2026.

		Candidate
		Mike Frerichs

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	Incumbents arebolded and underlined.
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Republican primary

Republican primary for Illinois Treasurer

Max Rice (R) andMax Solomon (R) are running in the Republican primary for Illinois Treasurer on March 17, 2026.

		Candidate
		Max Rice (Write-in)
		Max Solomon (Write-in)

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	There are noincumbents in this race.
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See also: Illinois Treasurer election, 2022

General election

General election for Illinois Treasurer

IncumbentMike Frerichs (D) defeatedTom Demmer (R),Preston Nelson (L), andPatrice McDermand (R) in the general election for Illinois Treasurer on November 8, 2022.

		Candidate	%	Votes
✔		Mike Frerichs (D)	54.3	2,206,434
		Tom Demmer (R)	43.5	1,767,242
		Preston Nelson (L)	2.2	90,647
	Submit photo	Patrice McDermand (R) (Write-in)	0.0	38

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	Incumbents arebolded and underlined. The results have been certified. Source	Total votes: 4,064,361
= candidate completed theBallotpedia Candidate Connection survey.
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Democratic primary

Democratic primary for Illinois Treasurer

IncumbentMike Frerichs (D) advanced from the Democratic primary for Illinois Treasurer on June 28, 2022.

		Candidate	%	Votes
✔		Mike Frerichs	100.0	811,732

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	Incumbents arebolded and underlined. The results have been certified. Source	Total votes: 811,732
= candidate completed theBallotpedia Candidate Connection survey.
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Republican primary

Republican primary for Illinois Treasurer

Tom Demmer (R) advanced from the Republican primary for Illinois Treasurer on June 28, 2022.

		Candidate	%	Votes
✔		Tom Demmer	100.0	670,758

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	There were noincumbents in this race. The results have been certified. Source	Total votes: 670,758
= candidate completed theBallotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

• Patrice McDermand (R)

See also: Illinois Treasurer election, 2018

General election

General election for Illinois Treasurer

IncumbentMike Frerichs (D) defeatedJim Dodge (R) andMike Leheney (L) in the general election for Illinois Treasurer on November 6, 2018.

		Candidate	%	Votes
✔		Mike Frerichs (D)	57.6	2,593,816
		Jim Dodge (R)	38.9	1,750,897
		Mike Leheney (L)	3.5	155,256
		Other/Write-in votes	0.0%	2

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	Incumbents arebolded and underlined. The results have been certified. Source	Total votes: 4,499,9710
= candidate completed theBallotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you,complete the Ballotpedia Candidate Connection Survey.
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Democratic primary

Democratic primary for Illinois Treasurer

IncumbentMike Frerichs (D) advanced from the Democratic primary for Illinois Treasurer on March 20, 2018.

		Candidate	%	Votes
✔		Mike Frerichs	100.0	1,087,950

---

	Incumbents arebolded and underlined. The results have been certified.	Total votes: 1,087,950
= candidate completed theBallotpedia Candidate Connection survey.
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Republican primary

Republican primary for Illinois Treasurer

Jim Dodge (R) advanced from the Republican primary for Illinois Treasurer on March 20, 2018.

		Candidate	%	Votes
✔		Jim Dodge	100.0	602,626

---

	There were noincumbents in this race. The results have been certified.	Total votes: 602,626
= candidate completed theBallotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you,complete the Ballotpedia Candidate Connection Survey.
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Previous election results

2014

See also:Illinois down ballot state executive elections, 2014

Illinois Treasurer, 2014
Party		Candidate	Vote %	Votes
	Democratic	Michael Frerichs	48.1%	1,694,884
	Republican	Tom Cross	47.8%	1,685,659
	Libertarian	Matt Skopek	4.2%	146,654
Total Votes				3,527,197
Election results viaIllinois State Board of Elections

Vacancies

Article V, Section 7 of theIllinois Constitution addresses vacancies in the office of the treasurer.
"If the Treasurer...fails to qualify or if his office becomes vacant, the Governor shall fill the office by appointment. The appointee shall hold office until the elected officer qualifies or until a successor is elected and qualified as may be provided by law and shall not be subject to removal by the Governor."

Duties

Illinois state government organizational chart

The specific duties of the treasurer are outlined inArticle V, Section 18 of theIllinois Constitution.

Article V, Section 18, Treasuruer - Duties:"The Treasurer, in accordance with law, shall be responsible for the safekeeping and investment of monies and securities deposited with him, and for their disbursement upon order of the Comptroller."

The main duty performed by this office is investing the state money collected and distributing it as needed. The office offers programs to help state citizens with their own financial well being such as classes to help manage money. A college savings program is also run by the office to help students in need.

Divisions

As of January 20, 2021, the main divisions within the Office of Illinois Treasurer include:^[2]

• Investments, Banking and Finance
• Legal
• Communications & Civic Engagement
• Legislative & Policy
• Information Technology
• Financial Products
• Scheduling
• Internal Audit
• Civic Engagement
• Operations
• Unclaimed Property
• Fiscal Operations
• State Investments & Banking
• Illinois Funds & E-Pay Operations

State budget

The Illinois Office of the Treasurer's budget for Fiscal Year 2025 was $3,707,826,330.^[3]

Compensation

See also:Compensation of state executive officers

The salaries of elected executives in Illinois are determined by theIllinois State Legislature as mandated in the state constitution.Article V, Section 21 of theIllinois Constitution also notes that executives cannot receive additional compensation beyond their salaries nor can their salaries be changed during current terms:

Article V, Section 21 of the Illinois Constitution

2023

In 2023, the officer's salary was $163,500, according to theCouncil of State Governments.^[5]

2022

In 2022, the officer's salary was $141,600, according to theCouncil of State Governments.^[6]

2021

In 2021, the treasurer received a salary of $139,200, according to theCouncil of State Governments.^[7]

2020

In 2020, the treasurer received a salary of $139,200, according to theCouncil of State Governments.^[8]

2019

In 2019, the treasurer received a salary of $135,669, according to theCouncil of State Governments.^[9]

2018

In 2018, the treasurer received a salary of $135,669, according to theCouncil of State Governments.^[10]

2017

In 2017, the treasurer received a salary of $135,669, according to theCouncil of State Governments.^[11]

2016

In 2016, the treasurer received a salary of $135,669, according to theCouncil of State Governments.^[12]

2015

In 2015, the treasurer received a salary of $135,669, according to theCouncil of State Governments.^[13]

2014

In 2014, the treasurer received a salary of$135,669, according to theCouncil of State Governments.^[14]

2013

In 2013, the treasurer received a salary of$135,669, according to theCouncil of State Governments.^[15]

2012

In 2012, the treasurer received a salary of$135,669, according to theCouncil of State Governments.

2010

In 2010, the treasurer received a salary of$130,800, according to theCouncil of State Governments.^[16]

Historical officeholders

Recent news

The link below is to the most recent stories in a Google news search for the termsIllinois Treasurer Frerichs. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

Contact information

Illinois State Treasurer's Office
219 Statehouse
Springfield, IL 62706

Phone: 217-782-2211
Fax: 217-785-2777

See also

• Illinois state executive offices

External links

• Illinois State Treasurer's Office
• Illinois State Treasurer's Office, Meet the Treasurer

Footnotes

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