Unlike some states, Oklahoma's unclaimed property program works as intended

by The Oklahoman Editorial Board Published: November 2, 2012

Oklahoma leans on unclaimed property revenue, too — about $10 million per year is transferred regularly, although the Legislature has occasionally raided it for more. Since 2000, $228 million has been transferred — or about $19 million per year from a pot that tops $350 million. Hardly an egregious total, but Miller is right to guard it closely.

As he said in his October newsletter, unclaimed property programs “are a true public service” when run as planned. But, “When states become dependent on unclaimed property as a revenue stream, that service risks being compromised.”


by The Oklahoman Editorial Board
The Oklahoman Editorial Board consists of Gary Pierson, President and CEO of The Oklahoma Publishing Company; Christopher P. Reen, president and publisher of The Oklahoman; Kelly Dyer Fry, editor and vice president of news; Christy Gaylord...
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