Sacramento, CA wants to use $2 mil in unclaimed property to pay off debt

June 20, 2011

From KOVR & CNN:

Millions of dollars in unclaimed property might be taken by a city drowning in debt as officials in Sacramento, CA are considering a plan that would use unclaimed funds to deal with budget woes.

Some of the money has been piling up for years, and cuts to police and fire could be eased just a bit thanks to more than $2 million in unclaimed property.

Read the rest of the story here.