POCONO MANOR, PA — Pennsylvania State Treasurer Stacy Garrity used the annual County Commissioners Association of Pennsylvania conference Tuesday to promote state investment programs for local governments and announce the return of more than $514,000 in unclaimed property to county governments, vendors and the association.
The returned funds are part of the Treasury Department’s broader effort to reunite owners with more than $5 billion in unclaimed property held by the Commonwealth, an initiative that affects more than one in 10 Pennsylvanians.
Speaking to county officials gathered at Kalahari Resort in Monroe County, Garrity emphasized the role of state-local partnerships in supporting municipal operations and highlighted Treasury’s INVEST PA program, which allows municipalities, counties, public entities and nonprofits to invest public funds through the state-managed program while maintaining liquidity and security, according to the Treasury Department.
“Working with our partners at the local level is essential to strengthening communities, supporting local economies and delivering results for Pennsylvanians,” Garrity said. “Connecting with leaders across all levels of government helps us share ideas, tackle challenges collaboratively, and ensure a brighter future for our Commonwealth.”
CCAP Executive Director Kyle Kopko said the partnership with the Treasury Department benefits local governments across Pennsylvania.
“This is an excellent example of how intergovernmental collaboration benefits the residents we collectively serve,” Kopko said. “We thank the Pennsylvania Treasury for their partnership and Treasurer Garrity for joining us at our annual conference in Monroe County.”
During the conference, Garrity also presented more than $514,000 in unclaimed property to CCAP, county governments and vendors. She said the money can be redirected toward local priorities because it belongs to the original owners rather than the state.
“Every dollar we return makes a meaningful impact because it doesn’t belong to the state; it belongs to hardworking communities across the Commonwealth,” Garrity said. “These funds can be invested in local programs that support families and strengthen our neighborhoods.”
According to the Treasury Department, unclaimed property includes dormant bank accounts, uncashed checks, forgotten stocks, savings bonds and the contents of abandoned safe deposit boxes, such as jewelry and collectible coins.
Treasury said the average unclaimed property claim exceeds $1,000. Residents and organizations can search for unclaimed property and learn more about the INVEST PA program through the Pennsylvania Treasury Department’s website.
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