State Treasurer David McRae today announced he has returned more than $40 million in unclaimed property to Mississippi since taking office in January 2020. This marks the Treasurer’s second record-breaking year in a row. “When we return unclaimed money, we are stimulating the state’s economy without increasing the burden on taxpayers. It’s a win-win,” said McRae. “Over the last year, … Read More
McRae: A No-Strings-Attached Economic Stimulus
Nearly every receipt you get this year is a little higher than it was last year. The cost of groceries is up 3 percent from 2020. Gas prices haven’t been this high since 2014. And a new car now costs, on average, $45,000 – equivalent to the median annual household income in Mississippi. Inflation is eroding America’s Middle Class. The … Read More
McRae Returns $12,000 in Unclaimed Money to Tupelo
Mississippi Treasurer David McRae returned more than $12,000 of unclaimed money to the City of Tupelo. “Returning unclaimed money is an incredible economic stimulus because it doesn’t rely on the generosity of taxpayers to fund,” said McRae. “It’s not just communities that can have unclaimed money sitting with the state. Small businesses, churches, and individuals can also be the rightful … Read More
McRae Returns $50,000 to MDOT in Unclaimed Money
State Treasurer David McRae presented Mississippi Department of Transportation (MDOT) Executive Director Brad White with a check for unclaimed money worth more than $50,000. The funds owed to MDOT were turned over to the State Treasurer’s office from banks and other entities after sitting unclaimed for an extended amount of time. “Taxpayers intended for these funds to be used to … Read More
McRae: Your Questions Answered
One of my priorities as Mississippi Treasurer is to make state government more accessible to you, the taxpayer. So, this July, I held my first telephone town hall, which gave me the opportunity to update Mississippians on the work our team is doing and take any questions you had. I am incredibly humbled to report that more than 4,000 Mississippians … Read More
Treasury Returns $30 Million in Unclaimed Money
State Treasurer David McRae today announced the Mississippi Treasury has returned more than $30 million in unclaimed money since he took the helm in January 2020. The returns have been made through 10,000 separate claims. “I am incredibly proud of our unprecedented effort to return unclaimed money to the people of Mississippi,” said Treasurer McRae. “This money has become a … Read More
$30 Million Economic Stimulus
There has been a lot of talks about economic stimulus over the last year. Unfortunately, the programs out of Washington have come with a hefty price tag for taxpayers, pushing the national debt to nearly $30 trillion and sparking vigorous debates about inflation. Economists will long discuss the real impact of these “stimulus” packages, but I know many who are … Read More
State Treasurer McRae Finds, Returns $271,000 in Unclaimed Property to Mississippi Division of Medicaid
Treasurer David McRae has returned $271,000 in unclaimed property to the Mississippi Division of Medicaid. This adds to the more than $9 million in unclaimed property returned to Mississippi since Treasurer McRae took office in January. Of that, $5 million has been returned throughout the COVID-19 pandemic, providing critical economic relief to the state during this time. “Throughout the pandemic, … Read More
State Treasurer Returns $10 Million to Mississippi Economy
Treasurer David McRae today announced his office has found and returned $10 million in unclaimed property since he took office in January 2020. Of this, approximately $4.8 million was returned during the COVID-19 crisis, serving as a meaningful economic boost during this difficult time. “This isn’t the state’s money; it’s just our responsibility to find its rightful owners and return … Read More
Mississippi Economy Gets $7 Million Stimulus from State Treasury
Treasurer David McRae today announced the Mississippi State Treasury has returned $7 million in unclaimed property since he took office in January. This includes $1.7 million that was distributed during the COVID-19 shutdown. “Recent events have hit many Mississippians right in the wallet,” said McRae. “Returning unclaimed property is one way the State Treasury can help give Mississippians a boost … Read More