Treasurer Kennedy Says Buying a Newspaper This Week Is a Good Investment

BATON ROUGE, LA – Buying a copy of your local paper this week could be one of the best investments you can make, according to State Treasurer John Kennedy. The State Treasury is publishing a new list of names of people with unclaimed property that is worth $11 million in newspapers across the state on November 14 and 21.

List of Publication Dates

The state owes Louisiana citizens millions in unclaimed property, and we want to give this money back, said Treasurer Kennedy. If you cant find your name in the paper this week, log on to our web site, or give us a call. After all, if government requires you to pay your taxes on time and in the correct amount, shouldn’t it be held to the same standard when it has your money?

Every day the Treasury receives more and more lost money that belongs to the citizens of Louisiana. By law, the Treasurer publishes the names of these individuals for whom money has been collected in that particular year. The Treasury’s complete unclaimed property database has information on 500,000 people who are entitled to more than $207 million.

Roughly one in six individuals has unclaimed property in the state, and those are pretty good odds, said Treasurer Kennedy. You have a much better chance of having unclaimed property in Louisiana than you would of winning the lottery. Over the unclaimed property programs history, the state has collected more than $290 million and returned nearly $83 million to Louisiana citizens. More than 62 percent of total refunds ever have occurred in the last six years.

Unclaimed property may include payroll checks, checking and savings accounts, royalties, utility deposits, interest, dividends, stock certificates and life insurance proceeds. Citizens can search for unclaimed property and file claims for their money online at www.latreasury.com. The Unclaimed Property Division also operates a toll-free hotline at 1-888-925-4127 (weekdays 8:00 a.m. to 4:30 p.m.).

Contact:
Sarah Mulhearn
(225) 342-0012