Senator Stadelman joins Treasurer in support of rolling over extra 529 plan funds into IRA

Stadelman champions legislation to enhance college savings opportunities

• Illinois
• Chicago

CHICAGO – Standing beside State Treasurer Michael Frerichs at a news conference on Tuesday, State Senator Steve Stadelman advocated for legislation he's sponsoring that would provide Illinois families greater flexibility in paying for college and planning for retirement.

Senate Bill 3133 would allow parents with 529 college savings plans to invest unused or leftover college funds into a retirement account. The proposal not only maximizes the benefits of the college savings plan but also fosters long-term financial security for future generations, according to Stadelman.

“Many families are worried about having unused or leftover funds in 529 accounts and not knowing what their options are,” Stadelman said. “By alleviating concerns about unintended taxation and maximizing the money’s value, we can provide greater security and stability for parents who are planning for their family’s future.”

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Stadelman secures $1 million in funds to support UW Health

State Senator Steve Stadelman is pleased to partner in the community's latest effort to address domestic violence by securing $1 million in state funds to equip the UW Health SwedishAmerican Emergency Department with specially trained staff to offer support and assistance to patients whose injuries stem from suspected domestic violence. More than half of survivors seeking help from the Rockford Family Peace Center report they were strangled, a form of abuse that increases a survivor's risk of homicide by 700 percent.

Stadelman secures $250,000 for Cherry Valley Police Department command center

• Rockford
• Cherry Valley

ROCKFORD – The Cherry Valley Police Department’s command center has received $250,000 for upgrades, thanks to State Senator Steve Stadelman.

“Investing in the renovation of the Cherry Valley Police Department’s command center is an investment in the safety and security of our community,” said Stadelman (D-Rockford). “Equipping our local first responders with the necessary resources to effectively address any situation is paramount to ensuring public safety.”

A squad room in the Cherry Valley Police Department will be turned into a unified command center for use in cases where law enforcement and emergency responders from multiple jurisdictions are called to help.

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