CFO Jimmy's Patronis' Seal

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IN CASE YOU MISSED IT…. AP: “With the economy tanking, more people seeking unclaimed cash”

7/27/2020
“With the economy tanking, more people seeking unclaimed cash” Associated Press
Brendan Farrington
July 24, 2020
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TALLAHASSEE, Fla. (AP) – Florida is seeing a surge in people making claims for unclaimed property since the coronavirus pandemic has shaken up the state’s economy.
 
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“We pushed out over $38 million just in the month of March. That’s the second highest month in the history of the program,” Patronis said. “Just during the COVID-19 pandemic time, we’ve pushed out almost $124 million. That’s $124 million that’s going back into the economy. That’s money that’s not sitting in our accounts anymore.”

There are millions of accounts with unclaimed property. It could be a savings account someone forgot about, a car insurance refund, inheritances and more.

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The state is sitting on about $2 billion in unclaimed property, and takes in another $400 million a year, Patronis said. In the fiscal year that ended June 30, the state returned $328 million. One in five Floridians have unclaimed property, he said.
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