© 2024 Connecticut Public

FCC Public Inspection Files:
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

State Treasurer calls for passing unclaimed property bill

Connecticut Treasurer Shawn Wooden
Chion Wolf
State Treasurer Shawn Wooden urged lawmakers to pass legislation to improved the unclaimed property program

Treasurer Shawn Wooden today urged lawmakers to pass new legislation that would implement recommendations by his office to improve the unclaimed property program.

The program has had its share of criticism.

An investigation by the CT Mirror found that in the past two fiscal years, the Treasurer’s office received more than $2.3 billion in unclaimed property, but returned less than 37% of it to its owners.

The new legislation would allow for the automatic payment of unclaimed property valued under $2,500 for sole property owners. But it would not require the state to alert people if they are owed money.

Wooden pushed back at criticism of the unclaimed property program.

“Any narrative that suggests that the program hasn't been a good program is just false,” he said.

Sujata Srinivasan is Connecticut Public Radio’s senior health reporter. Prior to that, she was a senior producer for Where We Live, a newsroom editor, and from 2010-2014, a business reporter for the station.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.