The Illinois Senate has unanimously passed a constitutional amendment that would allow taxpayers to vote on the consolidation of the Illinois' treasurer's office and the comptroller's office.
Senate Joint Resolution Constitutional Amendment 13 would save taxpayers more than $12 million annually through efficiencies and improved investments.
If the Illinois House also approves the amendment, with a three-fifths majority, there will be a 2012 ballot question allowing voters to consolidate the operations and functions of the two offices.
State Treasurer Dan Rutherford commends the Illinois Senate saying, "This is common sense. If we can improve operations and save taxpayers more than $12 million annually by consolidating these offices, we should absolutely do it."
As it stands, the comptroller manages state funds and disburses payments, while the treasurer invests dollars to achieve the best possible return for taxpayers.