Pennsylvania Treasury Returns Record-Breaking $500 Million in Unclaimed Property Over Two Years
Darrin Buckridge
Published Oct 22, 2024
The Pennsylvania Treasury Department has set a historic milestone by returning more than $500 million in unclaimed property over two consecutive fiscal years.
This marks a significant achievement for the state, benefiting countless Pennsylvania families and businesses.
According to Pennsylvania Treasurer Stacy Garrity, the department returned $505.7 million in unclaimed property across the 2022-2023 and 2023-2024 fiscal years.
Read: The State By State Guide to Unclaimed Assets
The record-breaking $273.7 million returned in 2022-23 alone set a new single-year high.
"Returning more than half a billion dollars in just two years is tremendous," Garrity said.
"Every dollar we return to Pennsylvania families is money they can use to buy groceries, fill up their cars with gas, or pay their rent or mortgage. Our unclaimed property team keeps doing amazing work – and we’re not slowing down."
New Laws to Enhance the Program
Recent legislative changes aim to make it even easier for Pennsylvanians to claim their unclaimed property. Act 81 of 2024, sponsored by Sen. John DiSanto (R-15), Rep. Ryan Bizzarro (D-3), and Rep. Marla Brown (R-9), allows the Treasury to automatically return properties valued up to $500 for single owners.
Meanwhile, Act 65 of 2024 simplifies the process for heirs to claim unclaimed property from deceased relatives, ensuring families can more easily recover assets.
How to Check for Unclaimed Property
Residents, businesses, nonprofits, and local government agencies can easily check online for any unclaimed property.
Visit the Pennsylvania Treasury’s Unclaimed Property website to search and claim what’s rightfully yours.
With these new advancements, the Pennsylvania Treasury is poised to continue its mission of returning unclaimed assets, providing critical financial relief to those in need.
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