During the 2025 Ohio State Fair, 1,200 Ohioans initiated claims for their unclaimed funds.
DeWine issued 67 line-item vetoes, including the removal of proposed property tax changes that lawmakers had included, which he said would have impacted schools and local governments.
The Ohio Senate passed its version of the budget on Wednesday, mostly along party lines. Senators are pushing to flatten Ohio’s income tax rate with the new budget bill.
The Ohio Division of Unclaimed Funds says it is safeguarding around $5 billion for residents to claim. The money comes from dormant bank accounts, uncashed checks, utility deposits or unclaimed wages.
The Ohio Department of Commerce’s Division of Unclaimed Funds has unveiled a new system designed to make it easier and potentially faster for Ohioans to search for and recover their portion of approximately $4.8 billion currently being safeguarded by the state of Ohio.
October 9, 2024, Press Release from the Ohio Department of Commerce: COLUMBUS, Ohio – If you operate a bank or business in the state of Ohio, you have until Nov. 1 to report unclaimed funds to the Ohio Department of Commerce Division of Unclaimed Funds – even if there are not any funds to report. Unclaimed Funds Reports are due on Nov. 1 for accounts dormant as of June 30, 2024. The only exception is for life insurance companies, whose reports are due May 1, 2025 for accounts dormant as of Dec. 31, 2024. Last year, the division received 90,790 reports and $528 million.