Government Gives Back

December 26, 2007 at 2:35pm By: Mr. Wilson Posted in The Lincolnite Blog

Whodathunk that Nebraska’s Treasurer would be most well-known for giving money to people rather than taking it.

Giving people their money is, I think we can agree, an important task. Are there any public service roles the State Treasurer’s office should be performing better than they are now? The reason I ask is simple: I want to congratulate Shane Osborn for serving the public. But I don’t know enough about his office’s role to know if his improvement in returning unclaimed property comes at the expense of some other critical task. If he is returning millions of dollars a year while still doing well everything else that needs to be done, fantastic. But if some other role is slipping, we the public need to say “Pst, hey, don’t forget about that other thing”.

Who can help me figure out how big of a pat on the back Mr. Osborn deserves?

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The Comments

Gene December 26, 2007 at 3:46pm

I think this is a pretty major part of the Treasurer’s office these days, and he appears to be doing a good job. Our former treasurer, Ron Ross, set a nice standard that Shane Osborn is improving upon. When I sent an email inquiry to the unclaimed property division around the time of Osborn’s election, I was told that the office was about three weeks deep in backlog with all of the claims coming in and was obviously doing all it could to try and catch up. By outsourcing some of the skip tracing, he’s having some success with other claims that probably haven’t been worked very thoroughly.

Bubbles December 26, 2007 at 6:13pm

I think he also is in charge of the child support checks.  If that’s still running smoothly I say he was doing ok

Perry Pirsch December 27, 2007 at 5:03pm

There are five divisions to the State Treasurer’s Office: Treasury Management, which can be summarized as the receipting and disbursing of state funds; Unclaimed Property; the Child Support Disbursement Unit, which transfers support funds from non-custodial to custodial parents; the College Savings Plan; and the Long-term Care Savings Plan.  Additionally, the Treasurer serves as a member of several boards, including the State Records Board and the Nebraska Investment Council.

Treasurer Osborn has worked to improve the fundamentals of each of those divisions.  In January we will release our one-year progress report to the Legislature that will detail our successes in each division.  If you would like a copy of the report, please feel free to contact us at .(JavaScript must be enabled to view this email address).  Further, we will soon be releasing, a comprehensive guide to how Nebraska receives and spends your tax dollars.

Mr. Wilson December 27, 2007 at 5:56pm

Further, we will soon be releasing, a comprehensive guide to how Nebraska receives and spends your tax dollars.

That sounds interesting. I’m looking forward to seeing what you come up with.

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