State returns $18M in first half of FY 2011

Last edited 1:20 p.m., Jan. 13, 2010

State Treasurer Clint Zweifel’s administration returned $18 million in unclaimed property in the first six months of fiscal year 2011, an increase of 8 percent compared to the same period last year. More than 60,000 accounts have been returned as well, according to a Jan. 10 news release from Zweifel’s office.

“This record-breaking pace is a result of innovations I have put into place in the past two years, and we will continue to seek more ways to increase efficiency in returning money to citizens,” Zweifel said in the release. “Our ability to return more unclaimed property to more people gets money back into the economy where we need it.”

In fiscal 2010, Zweifel returned a record $35 million in unclaimed property to 92,000 accounts, including the return of $30.7 million in more than 326,000 southwest Missouri accounts, including those in Greene, Christian and Taney counties, the release said.

In two years, Zweifel has returned $64 million to almost 190,000 account holders and decreased the wait time for property return by half, the release said.[[In-content Ad]]