In an impressive milestone, the Pennsylvania Treasury Department has returned more than $500 million in unclaimed property over the past two fiscal years – the first time in state history this has been achieved.
Treasurer Stacy Garrity announced that the department returned $505.7 million during the 2022-2023 and 2023-2024 fiscal years.
Read: Do You Have Unclaimed Money Waiting for You?
The 2022-23 fiscal year set a record with $273.7 million returned, breaking all previous single-year totals.
"Returning more than half a billion dollars in just two years is tremendous," Garrity said.
"Every dollar we return to Pennsylvania families is money they can use to buy groceries, fill up their cars with gas, or pay their rent or mortgage. Our unclaimed property team keeps doing amazing work – and we’re not slowing down."
New Legislation Brings Improvements
Several recent laws have been introduced to improve how unclaimed property is handled in Pennsylvania. Act 81 of 2024, sponsored by Sen. John DiSanto (R-15), Rep. Ryan Bizzarro (D-3), and Rep. Marla Brown (R-9), allows the Treasury to return single-owner properties valued up to $500 automatically.
Meanwhile, Act 65 of 2024 aims to make it simpler for heirs to claim the unclaimed property of deceased family members.
Find Your Unclaimed Property
Wondering if you or your business have unclaimed property? It’s easy to check!
Visit the Pennsylvania Treasury’s Unclaimed Property website to see if there’s any property waiting for you to claim.
These recent changes and record-breaking returns highlight the Treasury’s dedication to helping Pennsylvanians recover what’s rightfully theirs.
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