During Fiscal Year 2009, the Department returned $45 million to 88,000 claimants, yet the number of people with potential claims continues to grow.
Revenue Director Cindi Holmstrom said the odds of someone finding unclaimed property have grown steadily over the years, are now literally 50-50, as the Department continues its efforts to educate businesses on the legal requirements to turn over unclaimed property.
“We’ve made it as easy and simple as possible for people to search for and claim their property,” Holmstrom said. “Our goal is to return as much of this property as possible to the rightful owners.”
Businesses are required to report unclaimed property every fall, so even if someone doesn’t find property one year, they should check back again the following year, Holmstrom advised. They also should check for unclaimed property that may be due to family, friends and co-workers.