WKOW 27: Madison, WI Breaking News, Weather and SportsState Treasurer delivers record pay outs in 2009
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MADISON (WKOW) -- According to State Treasurer Dawn Marie Sass, the Unclaimed Property Department paid out a record-breaking number of claims in 2009. The year was the second highest payout to Wisconsin Residents ever.
"As a result of our annual State Tour and Outreach Events, more Wisconsinites are looking for their money and we are happy to help them find it and give it back to them," Treasurer Sass Said.
In 2009, the Unclaimed Property Department took in 26,238 claims and returned $26,801,064 to residents. In 2008, the Department received 25,619 claims and returned $28,055,878.
Claim requests and pay outs have set new annual records since 2007, when Treasurer Sass took office. She links the increases to the fact that she visited all 72 counties in the state once every year since taking office.
"It's not only my duty to meet as many Wisconsinites as I can and help them find money the state might be holding, it's my passion," Treasurer Sass said. "I love the Unclaimed Property tour and getting around the state to get the message out. There's nothing better for me than to meet a person, search the database with them, find their name and money and reunite them with their cash."
Unclaimed Property consists of un cashed payroll checks, utility refunds, stocks, dividends and safe deposit box contents. Under Wisconsin law, after one to five years of inactivity, businesses across the country are required to turn all unclaimed money, stock and safe deposit boxes to the State Treasurer's office for safekeeping. There is no time limit for collecting your unclaimed property.
For more information on Unclaimed Property, click here.
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