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IL treasurer advancing plan for special bank accounts

Illinois’ treasurer says the state is advancing a plan to create special bank accounts for the parents of children with autism or who have disabilities.

 
Michael Frerichs says the program is separate from the ongoing budget impasse at the Statehouse.

 
“Just one year Band Aid how do we get through next year when next year we’ll bring you out again and you’ll be worried that you won’t have a budget funded. By putting in place something that allows for long-term planning.”

 
Frerichs says the legislation allows Americans with disabilities to open tax-free bank accounts to pay for education, housing or health care.