The California state treasury is facing a massive problem: It’s holding onto six billion dollars in excess money with no rightful owners in sight. That may seem like a great problem to have, but the ‘finders keepers, losers weepers’ clause unfortunately doesn’t apply to US monetary funds. The owners of those funds must be located or else the money will just sit there. And since six billion dollars lying dormant for years could be detrimental to the economy, it’s clear something must be done. The good news is that a solution has been proposed and put into place. The name of this solution is Cash Unclaimed and it just might help California out of its unclaimed property conundrum.
The California unclaimed property database is growing by the day and treasury officials are worried that the situation could reach epic proportions. There are already millions of dollars in California unclaimed property clogging up treasury resources, and if the department experiences any more it could have disastrous effects on the state’s already struggling economy. To help combat the problem, treasury officials are putting their hopes in another massive online database called Cash Unclaimed. With nothing more than a first and last name, Cash Unclaimed can help facilitate a quick search that treasurers hope will deplete the California unclaimed property vault of its contents for good.
There is currently billions of dollars in California unclaimed property. Find your unclaimed property now:
California’s Controller, John Chaing, explains the types of unclaimed money and property the state is currently holding. How much of this belongs to you? Enter your first and last name in the form above. We will search our entire lost money database and return the amount of unclaimed property or other unclaimed money we locate which may prove to make you rich!
Claim back any unclaimed property in California before the state uses it to pay off the deficit! The state of California is the eighth-largest economy in the world; however, for the last couple of years it is facing a major issue of budget deficit. And to cover up this deficit, the California state government is pondering upon utilizing the huge unclaimed cash and property amount.
The state treasurer of California is currently sitting on over more than $5.7 billion in the form of unclaimed property belonging to approximately 11.6 million individuals and organizations. The state has acquired this huge chunk from over $32 billion unclaimed cash and property held by the U.S.