Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
NY Seeks to Return Millions in Unclaimed Funds Owed to Local Governments
By Joe Gullo
ALBANY, N.Y. - The New York State Comptroller's Office is looking to return millions in unclaimed funds owed to local governments.
A press release says so far the department has returned more than $1.5 million so far. There's 31 million in unclaimed funds, valued at more than $13 billion.
“Every dollar owed to local governments should be collected and put to good use to help provide essential services for New Yorkers and to relieve the burden on taxpayers around the state,” New York State Comptroller Thomas DiNapoli said.
Letters were sent to financial officers of local governments notifying them of unclaimed funds.
Click here to view a chart showing the number of outstanding accounts in the name of local governments, and the values, by region.
To learn more about unclaimed funds, click here.