New York Unclaimed Money Passes $8 BILLION
Posted by: admin in Found Money, Missing Money, New York, Unclaimed Funds, Unclaimed Money, Unclaimed Payroll Check, Unclaimed Property, UnclaimedFunds, UnclaimedMoney, UnclaimedPropertyA number of different agencies in Monroe County, NY are owed unclaimed funds, according to a recent article on WXXI.com:
Various entities within the county are owed money, including the county treasurer, the sheriff’s office, the parks department, the county clerk, and the department of social services.
DeSantis says the biggest source of unclaimed funds for the county is vendor checks, which are usually from vendors that were prepaid for services which were then never delivered.
But who cares about that! How about the more than $8 Billion in total NY unclaimed money, the majority of which is owed to regular citizens! It was reported in October that even Mayor Bloomberg was owed $76,000, but most of the forgotten cash in the state of New York continues to go unclaimed, and the total is really now $8 billion and counting!
To claim the funds, Monroe County would go through the process that any New Yorker would go through, which starts with filling out a form. DeSantis says the comptroller is holding on to over $8 billion for New Yorkers across the state, and will hold the funds indefinitely, with some bearing interest all that time.
Local bloggers at RochesterTurning.com noticed that the cash was sitting uncollected earlier this week. A simple search also turned up prominent individuals in the state who are owed funds, including the governor and state comptroller Thomas DiNapoli himself.
So not only was the NYC mayor owed unclaimed assets, but even the governor and the state’s own comptroller (who is in charge of managing abandoned money!)
The forces of lack of search knowledge and lack of knowledge of unclaimed property in general combine to keep people from reuniting with their New York unclaimed money.
Whatever the reason, the money is there and just waiting to be claimed. The best thing New Yorkers can do is get in touch with an unclaimed property expert, like UnclaimedMoney.net, to assist them with their search to take back money that already belongs to them!
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