Tuesday, August 18, 2020

Treasurer Gives $10 Million Back to State

This post is a guest column submitted by State Treasurer David McRae. 

My great-grandfather grew up on a farm in rural Rankin County. He opened his first department store in Jackson, Mississippi, at the turn of the century. Like today, that wasn’t the easiest time to start a business. World War I was coming. The 1918 flu pandemic was around the corner. And the Great Depression wasn’t far behind. But my great-grandfather understood one thing very clearly: If we were going to weather the economic tides, our family couldn’t be in the department store business; we had to be in the customer-service business. For 100 years, we were.

That same customer-service mindset is at the center of what I’m now doing as Mississippi Treasurer. While much of what I do addresses how our state finances are structured in order to best preserve your tax dollars and protect the state’s credit rating, the Treasury is also responsible for returning unclaimed property to its rightful owner – and this is where customer service really comes into play.

It’s sometimes very difficult for banks, credit unions, and even retail stores to find the rightful owner of certain monetized property, such as an electricity bill refund issued to your former residence, the remanence of a long-forgotten savings account, or an inheritance left by a late relative. The reality is that people move, families lose touch, and the money that’s left behind goes unclaimed. So, after five years, these entities turn that money over to the state to find the rightful owners.

Since January when I entered office, the Treasury’s Division of Unclaimed Property has returned more than $10 million to Mississippi. It’s important to note the money we return in Unclaimed Property is not the state’s money – it’s not taxpayer money either. It’s your money and so it’s simply the State Treasury’s responsibility to return it to the rightful owners, which is precisely what we’re doing.

$10 million is a lot to pump into Mississippi’s economy right now. Since we’re just seven months into this project, however, we still have millions more to return. With that in mind, I wanted to personally invite every Mississippian to help out with this economy-boosting effort. 

I am proud of the work my team is doing to return this money. We’re conducting our own investigative work and proactively reaching out to those we believe are the rightful owners, but you can play a big role in this process as well. Here’s how:

1.     Visit Treasury.MS.gov.
2.     Search for money in your name, a family member’s name, your church’s name, your business’ name, or even a favorite organization’s name.
3.     If there is money that you believe may belong to you, claim it. Our team will then get to work returning it to you.

We know this has been a tough year financially for many in the state. We’re hopeful, however, that this effort can bring a little relief to some. If you don’t have internet access or cannot visit Treasury.MS.gov, please call our office at 601-359-3600. We would be happy to help you begin your search.


Anonymous said...

Gosh, I hope he didn't hurt his arm patting himself on the back.
Here's a tip - just do your job.

GM said...

You're right 3:23.

I have nothing against this young man, but that first paragraph smelled liked either a campaign
ad or a teaser that the old defunct McRae's Department store was about to reopen.

Either way, I'm writing it off as inexperience in public relations.

Not to worry . . . I'm guessing that comment was only an example of growing pains for someone recently elected to a prominent State Office.

Lord knows, Delbert Hoseman embarrassed himself immediately (many times) after he won his first "statewide election".

McRae will do a great job as State Treasurer.

Anonymous said...

Deppity Pheel always kept an even keel!

The water, the tide—it comes in and it goes out. It always goes in, then it goes out. … You can't explain that. You can't explain it.

Baron Von Falkenheim said...

I applaud anyone who can get money out of government before it can be spent by government.

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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).

Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS