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Treasurer's office collects, returns record amounts of unclaimed property

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Treasurer's office collects, returns record amounts of unclaimed property


Earlier this year, Montpelier firefighter Jake Larrabee says a colleague was looking through Vermont’s database of unclaimed property when he discovered a surprise.

“One of our members was looking online, checked himself in the unclaimed property search, and then said, ‘I wonder if there’s anyone else,’” the lieutenant firefighter said. “And then he went through his family and then he put in the association for whatever reason — I don’t know what prompted him to do that — and found it.”

The association in question was the decades-old Montpelier Firefighters Association. For years, the non-profit raised and distributed funds for Montpelier firefighters and their families in need of assistance. But as members retired, Larrabee said, the association fell dormant, with only a scholarship fund remaining active.

The organization had a bank account — under the names of some of the inactive members — and Larrabee assumed the money would still be accessible if they chose to reactivate the association.

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As it turns out, that was not the case. At some point, the $33,000 in that account was handed over to the state, as required by law.

Modern life is full of financial assets: bank accounts, insurance payouts, paychecks, investment funds. Most of them are correctly tied to their owners, but inevitably some will fall through the cracks. People move, people die, people lose track of property tied to their name.

But that property is still theirs, even if they haven’t claimed it yet. In every state and territory in the country, property holders must make an effort to return unclaimed property to its owner for a period of time before turning it over to the state, a process known as escheatment.

From there, it’s the state’s responsibility to return it. In Vermont, it falls under the authority of the Office of the Treasurer’s Unclaimed Property Division.

It isn’t just financial assets, either: the department also holds personal documents, coins and even family heirlooms.

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“We always say that anybody can have unclaimed property,” said State Treasurer Mike Pieciak. “I think what most people think about is individuals, but when you look through the unclaimed property rolls, you find that there are a lot of pieces of property for small businesses, very large recognizable businesses, a lot of nonprofits. Municipalities have unclaimed property. The state of Vermont has unclaimed property.”

And the numbers continue to grow. This past fiscal year, the Treasurer’s Office returned a record 19,010 properties, totaling $5.8 million — but it also received a record level of new properties, at $18.14 million.

chart visualization

In an effort to increase the amount of reclaimed property, the office has taken a proactive approach, with a pilot program earlier this year targeting 350 Vermonters with unclaimed property achieving a 99% success rate, Pieciak said. A separate pilot program saw $150,000 returned to 250 nonprofits. From the division’s perspective, it can be easier to verify organizations than people.

“You know a business is that particular business. You know a hospital is that particular hospital,” Pieciak said. “When you get a claim that says John Doe or David Smith that lives in Brattleboro, and there’s five other people by that same name, it just becomes more complicated to determine who is the rightful owner of the funds.”

In the case of the firefighters association, Larrabee applied for the funds and, because his name was on one of the signature cards, was able to reclaim the money without too much hassle.

While the association is defunct, Larrabee said the money will be used to help members and their families just as it had in the past, only under an account held by the union, which remains active. He recommended others check the database, too.

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“Take a couple minutes to check every so often: check your name, check your family, your friends, the process is really quite easy. And everybody at the unclaimed property division and the state of Vermont and the treasurer’s office has been very helpful and accommodating,” Larrabee said. “This was a significant amount of money that we’re very, very fortunate that we were able to get back.”

Not all unclaimed property is lost or inaccessible. Don and Bernadette Pierson learned that when they recovered $24,000 from their foundation’s PayPal account.

The Piersons run The Stefan Pierson Wish Foundation; a charity created in honor of their son Stefan, who died of cancer in 2015.

Stefan wanted to attend the 2014 World Cup in Brazil, but was slightly too old to qualify for Make-A-Wish, his mother, Bernadette, said. A high school friend crowdsourced the funds, allowing him to attend. In his honor, the foundation provides similar wish-fulfilling services for young adults.

To raise money, the foundation ran soccer tournaments every summer. Part of the money was held in a PayPal account, Don said. During the pandemic, the Piersons had to cut back on foundation work to care for another one of their children, Ian, and the threat of COVID meant the tournaments had to be put on hold, as well.

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The Piersons did not lose access to the account, but they didn’t touch it, believing they could use the money once the pandemic was over. At some point, though, PayPal remitted the funds to the state, as it’s required to do by law for any unclaimed property.

“They may have sent something to us, but I’ll tell you, I wasn’t watching my [foundation] email because we were kind of on hold.” Don said. Bernadette added, “We were staying up around the clock to take care of our son with just very few people, our kids basically, and us, and I was still working, so we just had heads to the ground trying to get our son through each day.”

A friend of the family who works in the unclaimed property office recognized the Pierson name in the state database of unclaimed property and put the family in contact with the state treasurer. The Piersons had nothing but praise for the treasurer’s office.

The news was bittersweet. Ian died shortly before the family learned of the funds. The family said they will use the money the same way it had been used in the past: to grant the wishes of young adults with cancer like Stefan.

While the state’s unclaimed property holdings are available to be reclaimed by their rightful owners, the state doesn’t just sit on the money. The treasurer’s office estimates the excess amount of money the unclaimed property division receives versus how much it will return to Vermonters and injects that into the general fund. In fiscal year 2024, that was $9.3 million. A reserve fund is available to ensure the Treasurer’s Office is able to pay out claims.

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Vermont’s unclaimed property database can be searched at vermont.unclaimedproperty.com, while a national database can be found at missingmoney.com.

Have questions, comments or tips? Send us a message. Or contact the reporter directly at corey.dockser@vermontpublic.org.





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Commentary | Molly Gray: Standing with Afghan allies in Vermont and beyond

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Commentary | Molly Gray: Standing with Afghan allies in Vermont and beyond


I was a senior in high school when 9/11 happened. I will never forget where I was or how the day unfolded. I wasn’t yet 18, but my entire adult life would be shaped by that event. Soon after, the U.S. invaded Afghanistan, and then Iraq. U.S. involvement in Afghanistan would last 21 years, and at one point Vermont would have the highest per-capita population of servicemembers serving in Afghanistan and Iraq in the nation.

Over the last three years as the Executive Director of the Vermont Afghan Alliance, I’ve met countless veterans, former aid workers, lawyers, contractors, and others who worked in Afghanistan. U.S. efforts focused on everything from counterterrorism and the rule of law to education and agriculture.

During the chaotic withdrawal from Afghanistan in August 2021, the U.S. evacuated an estimated 125,000 Afghan allies. That was only a fraction of those who had worked with the U.S. government over two decades. An estimated 145,000 Afghans eligible for Special Immigrant Visas (SIVs) were left behind, along with countless wives and children. Many men evacuated in 2021 were told to leave their families behind with the promise of reunification within a year, yet separation continues.

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The Vermont Afghan Alliance began in 2022 as a scrappy, GoFundMe-funded, volunteer-led effort to help newly arriving Afghans learn to drive and obtain a license. In Vermont, we all know that without a car, employment options shrink quickly. Today, Afghan allies live in more than a dozen towns—from St. Albans to Bennington and Rutland to Hartford—well beyond traditional resettlement hubs like Burlington.

In 2023, I joined the Alliance as an “interim” executive director to help grow and professionalize the organization. While I never worked in Afghanistan, I spent much of my twenties with the International Committee of the Red Cross, promoting U.S. compliance with the Geneva Conventions in Afghanistan, Iraq, and at Guantánamo. My brother served in Iraq, and like so many of my generation, my adult life has been shaped by the so-called “Global War on Terror.”

I felt a deep responsibility to a community that had risked so much in support of U.S. missions abroad. I also felt a strong sense of Vermont’s hospitality—that if you welcome someone into your home, at a minimum you provide food, shelter, and safety. Finally, as someone long concerned about our demographics, the truth is simple: we are not going to birth our way out of our workforce crisis. The solution lies in welcoming people—and their talents—from across the country and the world.

Since 2023, the Alliance, together with community partners, has welcomed and served an estimated 650 Afghan allies statewide with employment, driving lessons, housing assistance, immigration legal services, civic education, health programming, and more. We’ve partnered with dozens of employers across northern Vermont eager to hire Afghan allies and willing to make small workplace adjustments. Through our driving program alone, more than 60 individuals have passed the Vermont road test. From manufacturing to healthcare, education to commercial truck driving, Afghan allies are filling high-demand jobs, strengthening our rural economy, and enriching our communities.

A recent USCRI policy report found that Afghan allies nationwide have contributed an estimated $1.79 billion in local, state, and federal taxes, including contributions to Medicare and Social Security. Contrary to harmful rhetoric, Afghan allies are not a “drain” on the system—their contributions far outweigh the short-term support provided during resettlement.

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A damaging narrative suggesting Afghan allies are “unvetted” or pose a security risk to this country is circulating from Washington. In reality, those fleeing the Taliban are among the most thoroughly vetted individuals in this country—they were screened during employment with the U.S. government, during immigration processing, and again with every status adjustment.

Afghan allies are our neighbors, friends, and colleagues. At the Alliance, the majority of staff and board members are Afghan allies themselves—thoughtful, courageous, emerging leaders raised in an Afghanistan backed by the U.S. They understand, as deeply as we do, the hope and possibility that come with a free and democratic society. I’ve been inspired daily by what these young leaders have achieved for Vermont and the talents they’ve already contributed to our state.

I’ll soon step back from the Alliance to make space for new leadership and a new chapter for the organization. What began as an interim role became far more meaningful than I ever expected. As for what’s next, I hope to bring what I’ve learned back into state government, where I can have a broader impact as we continue to address our demographic crisis and the policies coming from Washington.

To the state and local leaders, community partners, and volunteers I’ve had the opportunity to work alongside over the last few years—thank you. I’m inspired and amazed by what we can accomplish when we pool our resources and talents around a common purpose. I’m excited for the Alliance’s next chapter and for all we can continue to achieve for our newest neighbors and Vermont.

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Vt. man with lengthy criminal history sentenced for domestic assault

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Vt. man with lengthy criminal history sentenced for domestic assault


BENNINGTON, Vt. (WCAX) – A Bennington man with a lengthy criminal history was sentenced on Monday on aggravated domestic assault charges.

Max Misch, the once self-described white nationalist who has made headlines before for hate crime and gun charges, will spend six months in jail with credit for time served and two years on probation for domestic assault.

He pleaded guilty to the charge last month after authorities said he admitted to hitting a woman he knew.

His conditions of probation include avoiding contact with his victim and not possessing any deadly weapons.

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Vermont high school sports scores, results, stats for Monday, Dec. 22

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Vermont high school sports scores, results, stats for Monday, Dec. 22


The 2025-2026 Vermont high school winter season has begun. See below for scores, schedules and game details (statistical leaders, game notes) from basketball, hockey, gymnastics, wrestling, Nordic/Alpine skiing and other winter sports.

TO REPORT SCORES

Coaches or team representatives are asked to report results ASAP after games by emailing sports@burlingtonfreepress.com. Please submit with a name/contact number.

Contact Alex Abrami at aabrami@freepressmedia.com. Follow him on X, formerly known as Twitter: @aabrami5.

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Contact Judith Altneu at JAltneu@usatodayco.com. Follow her on X, formerly known as Twitter: @Judith_Altneu.

SUNDAY’S H.S. GAME

Girls hockey

Saranac-Lake Placid 5, Burlington/Colchester 1

S/LP: Emma Clark 2G. Kayla Harvey 1G. Emii Colby 1G, 1A. Addison Colby 1G. Stephanie Killbourne-Hill 2A. Lyndsee Reardon 1A. Harper Strack 1A. Allison LaHart 34 saves.

B/C: Austen Fisher 1G. Taylor Davidson 1A. Logan Jewett 30 saves.

MONDAY’S H.S. GAMES

Girls basketball 

Games at 7 p.m. unless noted

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Lyndon at Lake Region, 6 p.m.

BFA-St. Albans at North Country, 6:30 p.m. 

Mount Abraham at Fair Haven

Thetford at Hazen

Burlington at Milton

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Spaulding at Harwood

Lamoille at U-32

Montpelier at Peoples

Randolph at Oxbow

Boys basketball

Games at 7 p.m. unless noted

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U-32 at Mount Mansfield

Middlebury at South Burlington

Girls hockey

Middlebury at Burlington/Colchester, 4:20 p.m.

Essex at Rice, 5:25 p.m. 

Boys hockey

Burlington at Champlain Valley, 5:15 p.m.

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Missisquoi at Essex, 5:30 p.m.

Colchester at Rice, 7:30 p.m.

Middlebury at South Burlington, 7:40 p.m.

Spaulding at St. Johnsbury, 6 p.m.

Stowe at Harwood, 5 p.m.

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TUESDAY’S H.S. GAMES

Girls basketball 

Games at 7 p.m. unless noted

Harwood at Lake Region

Enosburg at Middlebury

Missisquoi at BFA-Fairfax

Vergennes at Williamstown

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Richford at Stowe

Essex at Colchester

Winooski at Twinfield/Cabot

Danville at Sharon, 8 p.m. 

Mount Mansfield tournament

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Rutland vs. South Burlington, 5:30 p.m.

Mount Anthony vs. Mount Mansfield, 7:30 p.m. 

Boys basketball

Games at 7 p.m. unless noted

Burr and Burton at Rice

Spaulding at Hartford

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Woodstock at Randolph

Mount Abraham at Harwood

Enosburg at Hazen

Stowe at Milton

Rutland at Burlington

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Colchester at Montpelier

Lyndon at Lake Region

Essex at Lamoille

Twinfield at Danville

Missisquoi at BFA-St. Albans, 7:30 p.m.

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(Subject to change)





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