5 days ago
The debate over using unclaimed funds to support Browns dome
CLEVELAND (WJW) — One day later, Clevelanders are still reacting to the news of the possibility of the state helping to finance a new Browns stadium by borrowing $600 million of unclaimed funds, potentially your money.
'That $600 million giveaway that's a pocket picked of your taxpayer dollars they're picking your pocket,' County Executive Chris Ronayne said Tuesday. 'That could actually support 50,000 persons on Medicaid.'
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And talk about perfect timing. Just weeks ago, Ohio's top money managers made it easier for residents to be reunited with their lost or forgotten money, even beyond state lines.
Cuyahoga County Treasurer Brad Cromes said the website will help disperse the state's current balance of $3.7 billion in unclaimed funds, to their true owners.
'The main circumstances that lead to unclaimed funds at the state level, are forgotten rent deposits, bank remainders that may not have been claimed or older insurance claims that weren't fully completed,' Cromes said.
And Ohioans are saying show me the money. Last year alone, more than $149 million were returned to rightful owners, through more than 26,000 claims.
Since Tuesday's announcement from the statehouse about using state funds, the county treasurer said the volume of inquiry calls remain steady. He said the process is straightforward and free, ensuring people can reclaim assets that are rightfully theirs.
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'For locally held funds, most of those are going to be held the Clerk of Courts office, so we encourage people to call 216-443-7982.'
For unclaimed fund inquiries, click this link or email cocunclaimedfunds@
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