Tag: Fiscal Year 2023

Tennessee Returns $68 Million in Unclaimed Property to Residents

Peter D'Abrosca
Tennessee State Capitol building

The Tennessee Department of Treasury (TDOT) said Wednesday that it returned more than $68 million in unclaimed property to Tennesseans in Fiscal Year 2023, a record for the state department. 

“Unclaimed property is money that has been turned over to the State by businesses and organizations unable to locate the rightful owners, such as utility refunds, uncashed paychecks, credit balances for overpayments, rental deposit refunds, gift certificates, securities, and abandoned bank accounts,” the department explained. “The Unclaimed Property program is a consumer protection program of the Department of Treasury that works to reunite this missing money with its rightful owner.”

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Federal Debt Increased by $2.2 Trillion in Fiscal Year 2023

Admin

The federal government’s debt increased by $2,238,422,431,416.43 in fiscal 2023, according to data published by the U.S. Treasury Department.

On Sept. 30, 2022, the last day of fiscal 2022, the federal debt was $30,928,911,613,306.73, according to Treasury Department data. By Sept. 29, 2023, the last business day of fiscal 2023, it had climbed to $33,167,334,044,723.16.

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