January 3, 2018
Kentucky State Treasurer Allison Ball has announced a record year of unclaimed property returns at over $24,945,000 returned.
Treasurer Ball’s two-year total for unclaimed property returns is over $50 million, more than any two-year period in Treasury history.
“I am proud the Kentucky State Treasury has continued to operate in a fiscally responsible and efficient manner throughout 2017 while also improving current services and implementing new programs,” Treasurer Ball said. “We’ve been focused on delivering good government for Kentuckians.”
Treasurer Ball’s 2017 achievements also include voluntarily cutting the organization’s budget to help with the budget shortfall, as well as turning STABLE Kentucky into a national leader in wealth development for people with disabilities. Treasurer Ball launched STABLE Kentucky in December of last year.
Treasurer Ball earned the role of National Vice Chair for the State Financial Officers Foundation, a national organization for elected financial officials. She also promoted federal policies favorable to middle class families and Kentucky small businesses, including a reformed federal tax code and expanded 529 savings accounts, both which Congress passed and the President signed into law.
Treasurer Ball was also selected by Governing Magazine as one of 25 notable Women in Government for 2017.
Despite this year’s successes, Treasurer Ball said 2018 offers a chance to do even more for the people of Kentucky.
“I’ve certainly got some New Year’s Resolutions,” Treasurer Ball said. “We’ll continue to strengthen STABLE Kentucky as a financial tool for Kentuckians with disabilities, reform Unclaimed Property laws to ease burdens for Kentucky businesses, and pass a legislative package that is good for Kentucky families. I’m excited about 2018 and what we can accomplish.”
To learn more about the Treasurer’s initiatives and priorities, please visit www.treasury.ky.gov.
Story Excerpt: The National Association of State Treasurers recently outlined some legislative priorities that would broaden ABLE accounts’ reach..