Sunday, October 31, 2010

Both Sides of the Argument

With election day almost here, clash between the candidates finally arises as Dawn Sass defends the validity and value of her office. Sass says that eliminating State Treasurer would not save money (article link). She stresses the significance of her responsibility of returning unclaimed property. During her term, Sass has returned roughly $100 million worth in property (article link). Unclaimed property includes inactive savings accounts, stocks, refunds, and unclaimed wages.

Dawn Sass also says that if she loses the election, it will cost Milwaukee $1.2 million in expected revenue from a 2012 conference. The conference would be for the National Association of State Treasurers, but if Wisconsin doesn’t have a State Treasurer, Milwaukee won’t host the convention.

Kurt Schuller responded to Sass, saying that Wisconsin would have a State Treasurer in 2012. The earliest he could remove the office is 2013 (article link).

I am not sure of Schuller’s ideas toward the job of returning unclaimed property. From what I understand, his goal is to get rid of the office of State Treasurer but have the duties absorbed by a different office. Essentially, Schuller would have one person performing two jobs.

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