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Treasurer asks committee to fund two unclaimed‑property technicians as claims surge
Summary
The Treasurer requested two technician positions funded from the unclaimed property special fund, citing a multi‑decade rise in claims and growing fraud risk; the positions would cost about $200,000 annually and would not affect the general fund.
The State Treasurer (presenting to the Senate Appropriations Committee on Feb. 21) requested two technician positions for the unclaimed property division, to be fully funded from the unclaimed property fund rather than the general fund. The Treasurer said unclaimed property dollars and claim volumes have risen sharply over the last two decades — from roughly $10 million in total holdings decades ago to about $133 million now — and that the division’s caseload has grown from a few thousand claims to nearly 19,000 in the most recent year.
The Treasurer told the committee the unclaimed property office has used outreach…
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