Dorothy Philbin | CNBNews Contributor

GLOUCESTER CITY, NJ-(March 29, 2022)–It looks as though we’re in for another municipal (city) tax increase.  Are we shocked?  I doubt it.  I found something, actually several somethings, that should shock every taxpayer, though.

I’m finishing work on my cousin’s estate and before closing it I thought I would check the state database for unclaimed property.  The good news is I found $68 I didn’t know I had and $2,100 I didn’t know my cousin had and then…I looked into Gloucester City.  Here is where we might be shocked and angry.  Why are our politicians talking about raising taxes when there are twenty-one unclaimed accounts for Gloucester City and/or various departments?  These accounts are old.  The asset, usually money, was abandoned by the owner of the account and after a few years, it is turned over to the state treasury.  The state tries to find the rightful owner and they really do try hard.  At least once a year all the names of people who have property were listed in local newspapers.  Today it is done on the internet which is available 24/7/365.

Continue reading “THE STORY BEHIND THE STORY: FOUND MONEY” →