Treasurer Stacy Garrity Returns More than $28,000 in Unclaimed Property to the Philadelphia Parking Authority

Philadelphia, PA - Pennsylvania Treasurer Stacy Garrity announced today that more than $28,000 in unclaimed property has been returned to the Philadelphia Parking Authority.

“Local government agencies play a vital role in developing local policies and delivering critical public services, giving residents a direct voice in their communities. I’m happy Treasury was able to return more than $28,000 to the Philadelphia Parking Authority – money that can now be used to enhance the city’s parking programs.â€

Pennsylvania State Treasurer Stacy Garrity

The $28,060.05 returned to the Philadelphia Parking Authority includes 30 individual properties ranging from $50.00 to $16,189.84. How the funds will be spent will be determined by Philadelphia Parking Authority leadership.

Since taking office in 2021, Treasurer Garrity has returned more than $1 billion in unclaimed property, including over $21 million to 119 local government agencies.

Treasury is working to return more than $5 billion in unclaimed property to its rightful owners, including over $738 million owed to Philadelphia residents. More than one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth over $1,000.

Unclaimed property includes things like dormant bank accounts, uncashed checks, forgotten stocks and more. It can also include physical assets, such as collectible coins, jewelry and savings bonds, that most often come to Treasury as the contents of safe deposit boxes.

Under state law, businesses must report unclaimed property to Treasury after three years of dormancy. Treasury holds tangible items for an additional three years before they may be auctioned, with all proceeds kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.

Anyone can search Treasury’s online database at any time by visiting patreasury.gov/unclaimed-property. Pennsylvanians who have lived in other states can also search for property at MissingMoney.com for money possibly waiting across the country.

To learn more about Pennsylvania Treasury, visit patreasury.gov and be sure to stay up to date with all Pennsylvania Treasury news on Facebook (PA Treasurer Stacy Garrity) and Instagram (@PATreasury).

Media contacts:
Steve Chizmar, Deputy Treasurer for Communications, schizmar@patreasury.gov or
Jake S. Sarwar, Deputy Press Secretary, jsarwar@patreasury.gov

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