Many people may perceive this as a surprise stimulus payment, but it is actually the result of a little-known state government program to return money to rightful owners.
Thousands of New York residents have recently received checks worth up to $250 as part of an initiative to make the process of returning unclaimed funds more efficient.
This effort, led by the New York State Comptroller’s Office, draws on a massive $13 billion fund that has accumulated over the years. Citizens will undoubtedly welcome the money, which comes from forgotten bank accounts, uncashed paychecks, and unused gift card balances.
What is this program that sends $250 stimulus checks?
This program basically distributes unclaimed stimulus checks. Unlike other government methods, individuals are not required to apply for new funds or benefits.
Comptroller Thomas DiNapoli spearheaded the initiative, and spokeswoman Jennifer Freeman stated, “Our goal with this program is to return the money to the people.” Many people across the state are owed money.”
Why are people getting checks from New York State?
The checks, which are up to $250, correspond to unclaimed property that the state decided to return to the people.
Is there a process to receive the stimulus check?
There’s absolutely nothing to do. Payment is received automatically.
