Ball touts unclaimed property efforts during visit

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Kentucky State Treasurer Allison Ball speaks Monday during a board of directors meeting for the Pennyrile Allied Development District.

Those pearly whites you're missing might just be in Frankfort.

"The most common thing we have is teeth," Kentucky State Treasurer Allison Ball observed of one of her duties in her capacity as treasurer, i.e., returning people's lost property.

Ball said she doesn't think anyone wants his teeth back, but she said some have suggested putting them under a pillow.

"Maybe that would fix the pension problem," she quipped on Monday while speaking during the Pennyrile Area Development District's board of directors meeting on Monday in Hopkinsville.

Ball was the featured guest during the district's monthly meeting, and during her presentation, she talked about her efforts to re-connect people with their unclaimed property.

Ball noted that, in the four years since she became treasurer, $83 million has been returned to its rightful owners.

She said it's not just individuals who have unclaimed property; school boards, local governments and nonprofit organizations may also have property they need to reclaim.

People may go to two websites in search of their property.

Treasury.ky.gov includes a link for "unclaimed property" at the top of the page that directs searchers through the process.

Missingmoney.com is a database with information about unclaimed money, property and other assets across the U.S.

Ball noted that the latter site looks like a scam but is real.

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In addition to money, the state's "lost and found" also includes military medals, particularly from World War II, as well as teeth, the most common item, according to the treasurer.

Ball also talked on Monday about her initiative, Stable Kentucky, a program she started to give people with disabilities an opportunity to have savings and investment accounts.

Through the program begun in 2016, individuals with disabilities can put tax-free money into their accounts and save up to $15,000 a year without jeopardizing their benefits.

"You can start saving some money and doing what you want with it," Ball noted during the recent district board meeting.

Those interested may visit the treasurer's website for the link at the top of the page or go to stablekentucky.com for details.

Additionally, Ball mentioned her interests in increasing financial literacy among youth as well as adults. She advocated last year for financial literacy class requirements for graduation.

Ball has launched a database on her website that targets seven populations: aging Kentuckians, commonwealth employees, emerging adults, Kentuckians with Disabilities, low-income families, students and veterans and military personnel.

"This is a great resource that we can use to make sure people really know what to do with their money," she said.

In other business:

*The board approved a budget that is at 14.43% for the current fiscal year, district treasurer Hollis Alexander said.

*Kyle Cunningham, the district's infrastructure coordinator, said the project supplying water from the Todd-Logan Regional Water Commission to Springfield, Tennessee, is almost done.

*Jill Collins, director of the Pennyrile Area Agency on Aging and Independent Living, announced that September is National Senior Center Month, recognizing that senior centers provide a variety of services for the older residents.

*PADD Long-term Care Ombudsman Cindy Tabor announced that a training session for individuals interested in volunteering to visit with nursing home residents is slated for 2 to 4 p.m. Sept. 30 at the PADD offices on Hammond Drive.

*District Executive Director Jason Vincent said the development district will have only two more meetings in 2019 including one at noon Oct. 14 at the PADD offices in Hopkinsville and the last one at noon Dec. 9 at Pennyrile Forest State Resort Park. The district will not meet in November.

Reach Tonya S. Grace at 270-887-3240 or tgrace@kentuckynewera.com.

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