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For several years, the idea of joining the offices of State
Comptroller and State Treasurer has been contemplated by Illinois
State officials, citing budget savings. “We’re in a critical spot,
our finances are tough right now,” said Rep. Brauer. It has been
estimated that merging the two constitutional offices would save
millions of dollars every year. A merger would also streamline
operations, because the duties of both offices overlap in many areas
and naturally connect.
However, there is one hurdle--Under current law, our state prevents
the person who invests our funds from being able to write the checks
for the money they manage. But, there are several states that
already successfully operate under a merged model, including Texas,
Florida and New York.
HJRCA3 already has the support of Current Comptroller Leslie Munger,
Treasurer Michael Frerichs and Governor Rauner. The bill has been
referred to the Rules Committee of the Illinois House, where it
awaits approval and passage to the Illinois House.
Read the text and follow the status of HJRCA
#3
[From the office of Illinois State
Representative Rich Brauer]
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