Aliquippa, PA - Pennsylvania Treasurer Stacy Garrity and Aliquippa Mayor Dwan Walker announced today that $14,000 in unclaimed property has been returned to the city of Aliquippa in Beaver County.
“I’m glad to see that the money owed to the city of Aliquippa is back in the right hands. While we take our job of safeguarding these funds at Treasury very seriously, unclaimed property doesn’t belong to us. We’ll never stop reaching out to agencies across the state and working with them to get this money back where it belongs to help our great communities across the state. I encourage local officials to search for unclaimed property and to contact Treasury for help recovering money they believe to be theirs.”
Pennsylvania State Treasurer, Stacy Garrity
“I appreciate Treasurer Garrity's efforts to get this lost money back to these townships and boroughs, especially in these tough economic times. $14,000 means something to us in Aliquippa, and we would’ve never known about this money if it wasn’t for Treasury’s staff and their hands-on approach to helping us. I'm very grateful for all the help they gave us during this process.”
Aliquippa Mayor, Dwan Walker
The $14,000 returned to Aliquippa came from an accounts payable check dating back to 2012. The city plans to use the money to offset the cost of military banners honoring those who served, which will be displayed throughout the city next holiday season.
Treasurer Garrity has returned nearly $15.7 million to 58 local governments, including counties and municipalities, since taking office. In the last fiscal year, ending June 30, 2023, Treasury returned the most unclaimed property ever in a single year – almost $274 million.
Treasury is working to return more than $4.5 billion in unclaimed property to its rightful owners. About one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,600.
Unclaimed property can include dormant bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes and more. State law requires businesses to report unclaimed property to Treasury after three years of dormancy.
Treasury keeps tangible unclaimed property for about three years before it is auctioned. Auction proceeds are kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.
To learn more about unclaimed property or to search Treasury’s database, visit patreasury.gov/unclaimed-property.