SPRINGFIELD -- Former DuPage County Board Chairman Bob Schillerstrom has decided not to make a bid for Illinois treasurer.
In announcing his decision, Schillerstrom said the GOP would have a better chance to keep the office if the party doesn't have a costly and divisive primary. Schillerstrom's decision makes way for House Republican Leader Tom Cross, who is stepping down to run for treasurer.
The current state treasurer, Republican Dan Rutherford, announced in June his candidacy for governor.
In announcing the formation of an exploratory committee in June, Schillerstrom said he will use his fiscal experience on the DuPage County Board to maximize investments and keep spending flat.
Schillerstrom withdrew from the 2010 governor's race after a six-month campaign and endorsed the failed bid of former Attorney General Jim Ryan.