Daily Archives: March 29, 2011

3 posts

Thousands in Cambridge and Somerville can Claim Abandoned Property

The Massachusetts State Treasurer may be holding property that belongs to you, and you might not even know it!

In accordance with Massachusetts’ abandoned property law, the treasurer’s office takes possession of financial assets after a period of extended inactivity. If the asset holder is unable to contact the owner for a period of three years, the property becomes “abandoned” and falls under the protection of the Treasurer until it can be returned. These assets include cash, savings and checking accounts, uncashed checks, insurance policy proceeds, stocks, dividends, and contents of abandoned safe deposit boxes.

Massachusetts Treasurer Steve Grossman has launched an aggressive campaign to return the estimated $1.8 billion that is owed to over 40,000 individuals, businesses, and charities.

In Cambridge and Somerville, there are more than 2,000 last known addresses of individuals, businesses, and estates that have $500 or more in abandoned property that they can claim. The Treasurer’s office wants to return this property to its rightful owners, and is working overtime in order to do so.

In order to search the abandoned property database, visit the Abandoned Property Division website at: www.findmassmoney.org.

Street Cleaning to Resume in Cambridge on April 1st

Cambridge – map

This is a friendly reminder that the Cambridge Department of Public Works will begin the first street cleaning of the Spring on Friday, April 1st. The cleaning on Friday will be done on streets in District C (the Cambridgeport area), but most residents can expect to see their streets cleaned in the coming weeks.

For more detailed information and a complete schedule and district map, please visit the Department of Public Works’ webpage. Street cleaning schedules are also marked on street signs posted throughout the city.

A street sweeper in Cambridge. Image credit: Joseph Barillari

Budget Forum to be Held April 12

Brooks School, Medford – map

State Senator Pat Jehlen will be sponsoring a forum on the Massachusetts Budget on Tuesday, April 12. The forum will be dedicated to discussing the problems facing this year’s budget, and their potential solutions.

Noah Berger, president of Massachusetts Budget and Policy Center (MassBudget), will be on hand to explain the state’s budget shortfall, its causes, and potential remedies. As President of MassBudget, Mr. Berger leads a group that is dedicated to providing the public with clear and in-depth analysis of Massachusetts’ budget policies.
Thomas A. Kochan, Co–Director of the Institute for Work and Employment Research at MIT Sloan School of Management, will also be at the forum to discuss labor issues. Comparisons of the wages and benefits public and private sector employees receive have been commonplace in the media in recent weeks, and this is a great opportunity to get the facts about labor in Massachusetts.

There will also be time for questions and discussion following the presentation. I strongly suggest that anyone who has an interest in the budget should attend, as the issues that will be discussed are of vital importance to the short-term and long-term well-being of our state. Most of us know that the fiscal climate in Massachusetts is a tough one at the moment, but this forum is an excellent opportunity to learn about precisely what is at stake.

The forum will begin at 7:00 p.m. at the Brooks School, 388 High Street, Medford. There will be refreshments served at 6:45 p.m.