11/07/2024 | Press release | Distributed by Public on 11/07/2024 10:15
West Pittsburg, PA - Pennsylvania Treasurer Stacy Garrity, Sen. Michele Brooks (R-50) and Rep. Marla Brown (R-9) announced today that more than $172,000 in unclaimed property has been returned to Taylor Township in Lawrence County.
"Returning this much money to benefit the residents of Taylor Township is tremendous. I'm confident that township officials will put it to good use, and I appreciate working with Sen. Brooks and Rep. Brown to get these funds back to Taylor Township. I encourage everyone to check our website to see if we have any money available for you to claim. It only takes a couple of minutes to see if any of the $4.5 billion we're working to return belongs to you!"
"I want to thank Treasurer Garrity for her efforts in returning this money to its lawful owners and understanding the difference it makes to local governments and their residents. At a time when the budgets of families and municipalities are stretched, every dollar is needed."
"Returning unclaimed property funds to Taylor Township is vital for empowering our community. These resources can enhance local services, support essential projects, and ultimately improve the quality of life for our residents. It's a meaningful way to ensure that these funds benefit the people who need them most."
The $172,469.17 returned to Taylor Township includes four individual properties ranging in value from $10.85 to $172,238.89. The oldest property dates back to 2013, while the most recent is from 2015. Properties returned include funds from credit balances, uncashed checks, and a certificate of deposit. How the funds are spent will be determined by township officials.
Treasurer Garrity has returned more than $17.7 million to nearly 100 local government agencies, including counties and municipalities.
Treasury is working to return more than $4.5 billion in unclaimed property to its rightful owners, including more than $14 million owed to Lawrence County residents. More than one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,600.
Unclaimed property can include dormant bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes and more. State law requires businesses to report unclaimed property to Treasury after three years of dormancy. Treasury keeps tangible unclaimed property for at least three years before it is auctioned. Auction proceeds are kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.
To learn more about unclaimed property or to search Treasury's database to see if any money is available for you to claim, visit patreasury.gov/unclaimed-property.