Democrat Frerichs takes early lead in state treasurer race

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With about 8% of votes counted, state Treasurer Michael Frerichs of Champaign has surged ahead of his Republican challenger.

The Associated Press reported that Democrat Frerichs had 264,543 votes to Republican Tom Demmer’s 144,200.

Frerichs has held the office since 2015 and was previously a state senator and served as Champaign County auditor as well.

During the campaign, Frerichs highlighted the $1.2 billion in investment gains the state saw during his tenure while reducing investment fees by more than $100 million.

Demmer, a longtime state representative from Dixon, said he would be an advocate for taxpayers if elected. He argued that his election would end the “rubber stamp” the treasurer’s office has been for Democratic Gov. J.B. Pritzker and the Democrat-held state legislature.

The treasurer is the state’s main financial officer. The treasurer’s responsibilities include investing and maintaining state funds. The treasurer also operates the state’s “unclaimed property” program where residents can check to see if they are owed money held by the state.

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November 8, 2022 at 09:05PM

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