Hang on to your wallets, PeakNation™, the legislature found a new piggy bank – and it’s yours. During the last legislative session, transportation reached into Colorado’s financial “lost and found” aka the Unclaimed Property Trust Fund, a $116 million bucket for $30 million to fund spending on roads and transit.
Here’s the problem. Technically, it’s not the government’s money to spend. Republican Sen. Paul Lundeen told the Colorado Sun:
“We are holding those assets in trust, and to be using them as if they’re our dollars, is, in my opinion, incorrect. It’s the perfect example of the overreach of government.”
What is this “lost and found”? It’s overseen by the Colorado Treasurer’s Office, now run by Democrat State Treasurer Dave Young, and its role is to reunite Coloradans with (often) financial assets that they may not have realized were missing – savings and checking accounts, stocks, legal settlements, and refunded security deposits. There also are abandoned safety deposit boxes that are sent to the treasury by Colorado banks that contain things like jewelry, coins, and stocks.
It’s really unclear how this is even legal and how this is not technically asset seizure by the government. Regardless, if you think you might have unclaimed property, please visit this website and search for your name. You might be surprised by the money owed you. At the very least, don’t leave money on the table for liberals to spend on pet projects.