06-05-2025, 07:34 PM
(06-05-2025, 03:58 PM)pally Wrote: A new state funding option has been proposal. The Ohio Senate has proposed using funds from Ohio's unclaimed funds account that are over 10 years old which amounts to a total of about $1.7 billion. This money belongs to people who failed to collect it for some reason. It may be a stock dividend, unlcaimed security deposit, final paycheck, insurance settlement, etc For some people the funds may be pennies for others 10's of thousands. The fund would still have more than $2 billion remaining
Anyway the proposal is to use that money for both Cleveland and Cincinnati stadium projects. Personally, I find this more palatable than issuing bonds that will cost Ohioans more money.
Chances are that most of those people don't even realize that they have unclaimed funds. Meanwhile the State has likely been collecting interest on that money for the entire time and simply sliding it into the general fund. If they want to donate a portion to the Bengals to improve the City of Cincinnati, let them.
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