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1 States Borrowed Billions to Pay Unemployment Benefits. Soon ...
https://www.route-fifty.com/finance/2021/08/states-borrowed-billions-pay-unemployment-benefits-soon-interest-due/184966/
Fourteen states owe $54 billion to the federal government for loans to keep unemployment trust funds solvent during the pandemic.
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2 States that borrowed from feds to cover unemployment comp ...
https://newjerseymonitor.com/2021/09/06/states-that-borrowed-from-feds-to-cover-unemployment-comp-checks-are-about-to-owe-interest/
So far, the loans to state unemployment compensation trust funds have been interest-free, but starting on Sept. 6, a 2.3% interest rate will ...
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3 New York One of Only Seven States to Owe Money to Federal ...
https://www.osc.state.ny.us/press/releases/2022/06/new-york-one-only-seven-states-owe-money-federal-unemployment-trust-fund
Despite recent significant payments to the federal Unemployment Trust ... owed in the outstanding loan balance is second only to California.
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4 UI Budget, Employment & Training Administration (ETA)
https://oui.doleta.gov/unemploy/budget.asp
The State's average unemployment tax rate on total wages is at least 75 percent of the State's average benefit-cost ratio in the prior five years. 17. Page 18 ...
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5 States Borrow to Pay Unemployment Benefits
https://www.rpc.senate.gov/policy-papers/states-borrow-to-pay-unemployment-benefits
States pay regular UI benefits out of accounts in a federal unemployment trust fund, and even before the pandemic many of their accounts had ...
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6 State Unemployment Trust Funds, 2021 - Tax Foundation
https://taxfoundation.org/state-unemployment-trust-funds-2021/
States have paid out $175 billion in unemployment benefits since the ... to resort to repayable federal loans (called Title XII Advances), ...
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7 20 States Borrow From Feds to Pay Unemployment Benefits
https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2020/09/21/20-states-borrow-from-feds-to-pay-unemployment-benefits
The U.S. Treasury Department lists 20 states that have applied for loans to cover unemployment benefits as of Sept. 18. Borrowing already is in ...
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8 States are choosing employers over workers by using COVID ...
https://www.epi.org/blog/states-are-choosing-employers-over-workers-by-using-covid-relief-funds-to-pay-off-unemployment-insurance-debt-policymakers-shouldnt-be-afraid-to-increase-taxes-on-employers-to-improve-unempl/
Although states can borrow from the federal Unemployment Trust Fund (UTF) if their state unemployment taxes do not cover current benefits, ...
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9 State Payments on the Federal Unemployment Insurance Loan
https://lao.ca.gov/Publications/Report/4543
During recessions, states may borrow from the federal government to continue payment benefits if state UI funds are insufficient. These loans ...
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10 Introduction to Unemployment Insurance
https://www.cbpp.org/research/introduction-to-unemployment-insurance
The basic program in most states provides up to 26 weeks of benefits to unemployed workers, replacing about half of their previous wages, on ...
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11 What is the unemployment insurance trust fund, and how is it ...
https://www.taxpolicycenter.org/briefing-book/what-unemployment-insurance-trust-fund-and-how-it-financed
The federal unemployment insurance (UI) trust fund finances the costs of administering unemployment insurance programs, loans made to state unemployment ...
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12 The Unemployment Trust Fund (UTF): State Insolvency and ...
https://crsreports.congress.gov/product/pdf/RS/RS22954
This report summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the ...
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13 The Year-End Unemployment Insurance Cliff
https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/The%20Unemployment%20Insurance%20Cliff%20Fact%20Sheet.pdf
Federal law requires that states must promptly pay unemployment benefits to workers as provided under state law, even if their state unemployment trust fund ...
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14 California unemployment debt: How will it pay off $20 billion?
https://calmatters.org/economy/2022/03/california-unemployment-debt/
When California pays out unemployment benefits, the money has to come ... loan is now nearly equal to all other states with loans combined.
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15 Ohio Pays Off Federal Unemployment Loan, Saving ...
https://governor.ohio.gov/media/news-and-media/Ohio-Pays-Off-Federal-Unemployment-Loan-Saving-Employers-from-Unemployment-Tax-Increase-09012021
... the State of Ohio has initiated the repayment of nearly $1.5 billion borrowed from the federal government to pay unemployment benefits ...
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16 Options to Address NYS' Unemployment Insurance Trust Fund ...
https://cbcny.org/research/options-address-nys-unemployment-insurance-trust-fund-debt
If a state's UI trust fund is depleted during periods of high claims, the Treasury provides a loan to cover benefit payments. The federal ...
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17 FUTA Credit Reduction | Internal Revenue Service
https://www.irs.gov/businesses/small-businesses-self-employed/futa-credit-reduction
Some states take Federal Unemployment Trust Fund loans from the federal government if they lack the funds to pay UI benefits for residents of ...
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18 South Carolina Unemployment Insurance Trust Fund Annual ...
https://www.scstatehouse.gov/reports/DeptofEmployment/ActionPlan_fullreport_final_withcover_LegisPrinting.pdf
Since April 2011, the state has not borrowed any funds from the federal government to make benefit payments. The final payment on the ...
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19 Democratic-Led States Let Their Federal Unemployment ...
https://www.wsj.com/articles/democratic-led-states-let-their-federal-unemployment-debts-linger-11657531801
At least four Democratic-led states with budget surpluses this year have chosen not to fully repay the federal government for money borrowed ...
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20 State Notes - Solvency of Unemployment Compensation Fund
https://www.senate.michigan.gov/SFA/Publications/Notes/2010Notes/NotesSum10lpmt.pdf
Michigan began borrowing from the Federal government in order to cover the cost of unemployment benefits. In the span of two and a half years, the State has ...
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21 8 States Ask for Freeze on Unemployment Benefits Loan Interest
https://www.governing.com/work/8-states-ask-for-freeze-on-unemployment-benefits-loan-interest
Illinois and seven other states want the federal government to reinstate a pause on interest rates for loans used to pay unemployment ...
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22 California Becomes First State to Tap Federal Unemployment ...
https://www.aei.org/poverty-studies/california-becomes-first-state-to-tap-federal-unemployment-loan-funds/
California has become the first state to borrow federal unemployment insurance (UI) funds to continue paying promised state UI benefits, according to the ...
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23 Governor Pritzker Announces Historic Agreement ... - Illinois.gov
https://www.illinois.gov/news/press-release.25744.html
The unemployment trust was forced to borrow $4.5 billion in federal funds to provide economic relief to the unprecedented number of unemployed ...
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24 South Carolina Unemployment Insurance Trust Fund Annual ...
https://www.dew.sc.gov/sites/dew/files/Documents/2014_annual_trust_fund_assessment_and_transparency_report.pdf
benefit payments. Tax revenues have been sufficient to allow the state to continue repaying the outstanding federal loan and benefit payments to unemployed ...
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25 Unemployment Insurance
https://www.ncsl.org/research/labor-and-employment/state-unemployment-trust-fund-loans.aspx
Information and current loan balances for states that have borrowed ... Unemployment Trust Fund to cover the costs of unemployment benefits.
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26 GAO-10-440, Unemployment Insurance Trust Funds
https://www.gao.gov/assets/a303310.html
As of April 1, 2010, 34 of the 53 state trust funds have outstanding loans totaling $38.9 billion from the federal government to pay benefits (see figure), ...
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27 Illinois paying off $450 million of unemployment insurance ...
https://www.wifr.com/2022/09/27/illinois-paying-off-450-million-unemployment-insurance-fund-debt/
... is putting $450 million toward the federal loan the state received to help with unemployment payments during the worst of the pandemic.
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28 Pandemic unemployment benefits: States face tough choices ...
https://www.cnn.com/2021/10/01/politics/pandemic-unemployment-benefits-federal-loans/index.html
States face tough choices on repaying loans to Uncle Sam for pandemic unemployment benefits · A crush of claims · Higher taxes, fewer benefits ...
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29 When the Tide Goes Out: Unemployment Insurance Trust ...
https://www.bostonfed.org/publications/new-england-public-policy-center-research-report/2012/when-the-tide-goes-out-unemployment-insurance-trust-funds-and-the-great-recession-lessons-for-and-from-new-england.aspx
Since the onset of the Great Recession in late 2007, two-thirds of state UI programs depleted their trust funds and borrowed from the federal government in ...
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30 Interest Assessment Surcharge | Department of Labor - NY.gov
https://dol.ny.gov/ias
As a result, New York State borrowed funds from the federal government to maintain unemployment insurance benefits while the pandemic unemployment programs ...
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31 States tap federal aid to shore up empty unemployment funds
https://apnews.com/article/donald-trump-coronavirus-pandemic-health-business-government-and-politics-5326b6d23ffcb4d9be851d9b8fc319f2
State unemployment benefits are funded by special federal and state ... Most of those states had to borrow from the federal government as ...
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32 2021 Colorado Unemployment Insurance Trust Fund
https://www.colmigateway.com/admin/gsipub/htmlarea/uploads/UI-Trust-Fund-Report-2021.pdf
had been borrowed from the Federal Unemployment Account (FUA) to pay benefits on the state unemployment program. Twelve months earlier the ...
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33 After borrowing money from the federal government ...
https://www.masslive.com/politics/2021/11/after-borrowing-money-from-the-federal-government-massachusetts-unemployment-fund-now-exceeds-debt-owed-to-washington.html
With federal loans buoying the account and claims retreating closer to a pre-pandemic level, the state fund that pays unemployment benefits ...
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34 N.Y. Businesses Stuck With $7.7 Billion Covid Unemployment ...
https://www.nysenate.gov/newsroom/in-the-news/anna-m-kaplan/ny-businesses-stuck-77-billion-covid-unemployment-debt
The state depleted its unemployment insurance trust fund and borrowed $10.2 billion to maintain unemployment insurance and Covid benefits.
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35 Illinois misses deadline to repay $4.2 billion federal ...
https://www.illinoispolicy.org/illinois-misses-deadline-to-repay-4-2-billion-federal-unemployment-insurance-loan/
The unemployment fund has been depleted during the COVID-19 economic downturn. Between the loan and failure of state leaders to replenish the ...
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36 Unemployment Compensation Fund
https://www.cga.ct.gov/PS98/rpt%5Colr%5Chtm/98-R-1281.htm
Under federal law, when a state unemployment compensation fund has insufficient resources to pay unemployment compensation benefits, it may borrow from the ...
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37 How is the Unemployment Insurance Program Financed?
https://bipartisanpolicy.org/explainer/how-is-the-unemployment-insurance-program-financed/
The Federal Unemployment Account (FUA) provides loans to states that do not have sufficient funds in their accounts to cover UI benefits. Two ...
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38 Alternative Strategies for Financing State Unemployment Trust ...
https://www.dol.gov/sites/dolgov/files/OASP/evaluation/pdf/UIDF%20Study%20Final%20Report%202.2021%20508%20Compliant.pdf
receiving unemployment insurance (UI) benefits (Carrington 2012). As a result, 35 states borrowed to address deficits in their UI trust funds, which finance ...
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39 State owes feds $8.1B for unemployment insurance loan
https://www.timesunion.com/state/article/State-owes-the-federal-government-8-1-billion-17236623.php
A new Comptroller report states that New York owes the federal government $8.1 billion for a loan used to support unemployment insurance claims.
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40 Illinois to Pay Off Pandemic-Era Loan for Unemployment ...
https://news.bloomberglaw.com/daily-labor-report/illinois-to-pay-off-pandemic-era-loan-for-unemployment-benefits
Illinois Governor J.B. Pritzker on Tuesday announced an agreement to pay off the remaining $1.36 billion balance of a loan the state took out to ...
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41 What's Next for State Unemployment Insurance Funds?
https://www.bakerinstitute.org/research/whats-next-state-unemployment-insurance-funds
The LWA provides federal grants of $300 week to supplement states' weekly UI benefits, and states have the option to match an additional $100 for a total of ...
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42 Advance Communication Relating to FUTA Tax Credit ...
https://www.ctdol.state.ct.us/uitax/futataxcreditreductions.htm
One of the federal statutory mechanisms for repaying outstanding federal loans is through increased Federal Unemployment Tax Act (FUTA) taxes. Each state that ...
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43 Unemployment Tax Rates - Vermont Department of Labor
http://labor.vermont.gov/unemployment-insurance/ui-employers/unemployment-tax-rates
State unemployment taxes are paid to this Department, and deposited into a ... cost of extended benefits, and to make loans when state unemployment trust ...
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44 268.194 unemployment insurance trust fund.
https://www.revisor.mn.gov/statutes/2018/cite/268.194
(7) money received from the federal government for unemployment benefits paid ... the terms of any loan must be repayable as provided in United States Code, ...
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45 States should use federal relief dollars to replenish their ...
https://spn.org/blog/federal-relief-dollars-and-unemployment-trust-funds/
These funds are used to pay out jobless benefits to qualifying unemployed workers. Unemployment trust funds are an area of state finance ...
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46 States Have Until April 1 to Use UI Funds Without New ...
https://www.ntu.org/foundation/detail/states-have-until-april-1-to-use-ui-funds-without-new-federal-conditions
Since the pandemic began, $859 billion has been paid out in unemployment benefits, quickly exhausting $72 billion of state unemployment trust ...
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47 Unemployment Insurance Trust Fund - Kentucky Career Center
https://kcc.ky.gov/Documents/UI%20Trust%20Fund%20Report%202017.pdf
Federal Loan Balances: Amount borrowed from the Federal Unemployment Account to help pay state unemployment benefits, reflects the balance as of December 31 ...
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48 State's unemployment loan on track to be paid off
https://douglascountynewspress.net/stories/states-unemployment-loan-on-track-to-be-paid-off,398686
Colorado has paid back 87% of the $1 billion it borrowed from the federal government to provide out-of-work Coloradans unemployment benefits ...
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49 Colorado's $1B unemployment loan on track to be paid off by ...
https://coloradosun.com/2022/07/28/colorado-unemployment-insurance-trust-fund-loan-payment/
More employers are contributing to the state's insolvent unemployment trust fund than in 2019. But if the fund remains underfunded, employers ...
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50 Government Benefits, Grants, and Loans | USAGov
https://www.usa.gov/benefits-grants-loans
Learn about federal government programs, including unemployment benefits, ... Learn about government grants and loans for states and organizations.
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51 Unemployment benefits will still be paid even if state funds run -
https://www.cbs19news.com/story/43847922/unemployment-benefits-will-still-be-paid-even-if-state-funds-run-out
California is currently the only state to have taken out a federal loan to fund its unemployment claims. The Golden State's balance is $1.4 ...
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52 Unemployment Insurance: Programs and Benefits
https://fas.org/sgp/crs/misc/RL33362.pdf
program, loans to insolvent state UC accounts, and state employment services.7. Eligibility for Regular Unemployment Compensation.
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53 Disaster Unemployment Assistance | Benefits.gov
https://www.benefits.gov/benefit/597
You must have been determined not otherwise eligible for regular unemployment insurance benefits (under any state or Federal law). Payment will be made to an ...
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54 Gov. Wolf Sends Letter Urging Congress to Extend Federal ...
https://www.governor.pa.gov/newsroom/gov-wolf-sends-letter-urging-congress-to-extend-federal-programs-for-unemployed-workers/
Extend Pandemic Unemployment Assistance (PUA) Through 2021: PUA ... 2021: Many states are borrowing from the federal government to pay the ...
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55 How Ohio Has Underfunded Unemployment Compensation
https://www.policymattersohio.org/research-policy/fair-economy/work-wages/state-of-working-ohio/how-ohio-has-underfunded-unemployment-compensation
Ohio's unemployment compensation system is more than $1 billion in debt to the federal government, mainly because the state has failed to ...
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56 House workforce committee OKs $1.2 billion plan to repay ...
https://www.house.leg.state.mn.us/SessionDaily/Story/17082
... to repay a loan from the federal government for unemployment payments. ... Rescue Plan funds and the rest from the state's General Fund.
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57 How indexing unemployment can restore state trust funds, cut ...
https://thefga.org/paper/indexing-unemployment-in-the-wake-of-covid19/
The $600 weekly unemployment bonus Congress passed in 2020 nearly tripled unemployment benefits, with average payouts equivalent to $50,000 per ...
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58 Minnesota has $1 billion in unemployment insurance debt ...
https://www.minnpost.com/state-government/2021/12/minnesota-has-1-billion-in-unemployment-insurance-debt-lawmakers-will-have-to-decide-how-they-want-to-pay-for-it/
It also borrowed heavily from the federal government to cover those payments. But unlike a majority of states, Minnesota has not dipped into ...
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59 A billion-dollar question for NJ's unemployment fund
https://www.njspotlightnews.org/2021/05/nj-unemployment-insurance-fund-has-relied-1-billion-federal-loan-debate-concerns-repayment-versus-payroll-taxes-gop-lawmakers-nj-business-industry-association/
The state has relied on an interest-free $1B+ federal government loan to keep its unemployment system running, but some key tax issues loom.
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60 Could states run out of unemployment insurance funds?
https://www.marketplace.org/2020/08/03/could-states-run-out-of-unemployment-insurance-funds/
Federal government loans are helping some states continue paying jobless benefits, and some still feel the effects of the Great Recession.
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61 HAC Briefing: Unemployment Insurance Trust Fund
https://www.house.mi.gov/hfa/PDF/Alpha/Unemployment_Insurance_Trust_Fund_Briefing_Jan2021.pdf
Unemployment Trust Fund Expenditures o Used to pay UI benefits for covered employees who become unemployed o States have flexibility to set ...
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62 Pa.'s unemployment trust fund is broke. The Wolf admin says a ...
https://www.spotlightpa.org/news/2022/07/pa-unemployment-trust-fund-solvency-interest-payments/
The state's new budget pays off $42 million in debt, ... federal loans and the taxpayer-funded interest payments that come with them.
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63 California unemployment debt: How to dig out of a $20 billion ...
https://www.capradio.org/articles/2022/03/06/california-unemployment-debt-how-to-dig-out-of-a-20-billion-hole/
The federal government loaned money to many states when millions of workers claimed unemployment benefits early in the pandemic. California's ...
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64 Urgent Need for Federal Loans to State Unemployment ...
https://www.nelp.org/publication/urgent-need-federal-loans-state-unemployment-agencies/
Without additional federal support, state UI trust funds—the well that states rely on to pay benefits—will run dry. Federal policymakers must ...
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65 States are running out of unemployment money. Here's what ...
https://abc7.com/6159681/
"Based on the current health crisis, most states are likely to exhaust their unemployment compensation trust funds and borrow from the ...
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66 Minnesota borrowed from feds to cover unemployment comp ...
https://minnesotareformer.com/2021/09/07/minnesota-borrowed-from-feds-to-cover-unemployment-comp-now-the-interest-is-piling-on/
So far, the loans to state unemployment compensation trust funds have been interest-free, but on Sept. 6, a 2.3% interest rate kicked in on ...
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67 The state unemployment trust fund is set to run out of money ...
https://www.kvue.com/article/news/health/coronavirus/coronavirus-texas-unemployment-trust-fund-title-xii-loan-workforce-commission/269-b3ddcebc-890f-43b1-adee-d301738ff345
While the loan is needed to keep unemployment benefits going, Dr. Robertson said it's time to think about how we'll pay it back.
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68 State Unemployment Trust Funds - Ballotpedia
https://ballotpedia.org/State_Unemployment_Trust_Funds
Federal and state unemployment taxes fund the joint federal-state ... the federal portion of extended benefits, and loans to State Unemployment Trust Funds.
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69 Illinois Unemployment Insurance Trust Fund Financing Act.
https://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=2540&ChapterID=7
borrowing from the Federal government is the only option available to obtain sufficient funds to pay benefits when the balance in Illinois' account in the ...
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70 Ohio Unemployment Fund Ends 2020 Borrowing $1.2B From ...
https://www.statenews.org/government-politics/2020-12-31/ohio-unemployment-fund-ends-2020-borrowing-1-2b-from-feds
... year with the economic task of repaying federal loans used to pay unemployment benefits needed during much of the pandemic.The state…
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71 Murphy Looking to Borrow Nearly $2B From Feds to Keep ...
https://www.gfoanj.org/news/512856/Murphy-Looking-to-Borrow-Nearly-2B-From-Feds-to-Keep-Unemployment-Fund-Solvent.htm
The trust fund is separate from the state budget, and its revenues are constitutionally dedicated to funding unemployment benefits.
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72 Governor Parson Announces $300 Million Transfer of ...
https://governor.mo.gov/press-releases/archive/governor-parson-announces-300-million-transfer-coronavirus-relief-funds
Missouri employers wholly fund the state's Unemployment Insurance (UI) ... Trust Funds and are borrowing money to pay unemployment benefits.
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73 Putting the Trust back in Trust Fund - Louisiana Budget Project
https://www.labudget.org/2020/10/putting-the-trust-back-in-trust-fund/
There are several steps the state can take to help unemployed workers and speed our economic recovery. Borrow money and boost benefits
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74 Colorado unemployment trust fund set to become insolvent ...
https://www.denver7.com/news/local-news/colorado-unemployment-trust-fund-set-to-become-insolvent-next-week-state-will-borrow-from-feds
Colorado's unemployment trust fund is expected to become insolvent early next week, but the state will borrow money from the Federal ...
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75 How businesses and workers can keep PPP loan forgiveness ...
https://www.cnbc.com/2020/05/28/how-businesses-and-workers-can-keep-ppp-loan-and-unemployment-benefits.html
Unemployment benefits, small business loans ... The $2.2 trillion coronavirus relief law enacted in March, known as the CARES Act, expanded ...
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76 Are Ninth District states' unemployment trust funds ready for a ...
https://www.minneapolisfed.org/article/2019/are-ninth-district-states-unemployment-trust-funds-ready-for-a-downturn
Unemployment benefits are treated as a kind of insurance under U.S. law, ... The state has had to borrow from the federal government frequently in recent ...
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77 Illinois' federal unemployment loan payoff forgoes borrowing ...
https://www.bondbuyer.com/news/illinois-federal-unemployment-loan-payoff-forgoes-borrowing-benefit-cuts
The state will use surplus revenues to pay off the remaining ... Illinois' federal unemployment loan payoff forgoes borrowing, benefit cuts.
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78 State Unemployment Funds Are Quickly Running Out of Money
https://www.businessinsider.com/state-unemployment-funds-are-running-out-of-money-2020-4
When their unemployment coffers run low, individual states can borrow from the Federal Unemployment Account, fed by a national insurance tax on ...
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79 Illinois Debates Bond Sale, Federal Aid to Pay Unemployment ...
https://www.bloomberg.com/news/articles/2022-03-16/illinois-debates-bond-sale-federal-aid-to-pay-unemployment-debt
State unemployment insurance trust fund debt tops $4.5 billion ... federal loans the state took to pay for surging unemployment benefits ...
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80 Pandemic hits Connecticut's unemployment trust fund
https://ctmirror.org/2020/06/25/pandemic-hits-connecticuts-unemployment-trust-fund-and-state-businesses-will-pay/
Now, as the pandemic is creating an unprecedented need, the state will have to borrow huge sums from the federal government to pay the avalanche ...
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81 Small Business Calls on State to Use Federal Relief Money ...
https://www.nfib.com/content/news/connecticut/small-business-calls-on-state-to-use-federal-relief-money-for-connecticuts-unemployment-debt-crisis/
The total amount of those loans—made necessary after the state's Unemployment Compensation Trust Fund became insolvent—is likely to exceed ...
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82 California has borrowed $21 billion to fund unemployment ...
https://www.desertsun.com/story/news/nation/california/2021/03/29/california-has-borrowed-21-billion-fund-unemployment-benefits/7048049002/
The state went deep into debt to keep jobless benefits flowing during the pandemic. And if it doesn't fix its $48 billion unemployment ...
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83 Unemployment in Pennsylvania: Federal loan to boost trust fund
https://www.buckscountycouriertimes.com/story/news/2020/09/17/unemployment-federal-loan-t-trust-fund-pennsylvania-covid-19/3486185001/
Unemployment in Pennsylvania: State approved for $2.8B loan for trust fund ... Pennsylvania's Unemployment Compensation Trust Fund is considered ...
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84 Blue states' unemployment loan shenanigans hurts biz, citizens
https://nypost.com/2022/07/12/blue-states-unemployment-loan-shenanigans-hurts-biz-citizens/
New York opted against starting to repay the feds for unemployment benefits paid out after shutting down the economy with COVID lockdowns.
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85 Restricted Access to Unemployment Benefits Played Role in ...
https://kypolicy.org/restricted-access-to-unemployment-benefits-played-role-in-paying-back-loan/
In addition to benefit cuts, tax increases and a growing economy, the state paid off its loan quickly in part because Kentucky workers have ...
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86 The State of Colorado's Unemployment Insurance Trust Fund
https://commonsenseinstituteco.org/co-unemployment-insurance/
Colorado, alongside states like California, New York, and Connecticut, has one of the country's highest burdens of federal loans to its ...
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87 Indiana projected to borrow up to $400 million to pay ...
https://www.nwitimes.com/business/jobs-and-employment/indiana-projected-to-borrow-up-to-400-million-to-pay-unemployment-benefits/article_0f43b50e-eb72-54d6-aace-1d10499b022a.html
Indiana is projected to borrow up to $400 million from the federal government to pay state unemployment benefits to eligible out-of-work ...
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88 Legislation wipes out Ohio's unemployment loan - Fox 19
https://www.fox19.com/2021/06/29/legislation-wipes-out-ohios-unemployment-loan/
States that have solvent unemployment compensation trust funds do not need to pay back interest on loans from the federal government for ...
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89 State Loan Program Could Prompt Unemployed To Re-Enter ...
https://www.fau.edu/newsdesk/articles/news-unemployment-loans.php
In boosting unemployment benefits by $600 a week through July, for example, the federal government discourages employees from returning to work ...
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90 Financing Unemployment Insurance After the Great Recession
https://www.urban.org/sites/default/files/publication/25741/412639-Financing-Unemployment-Insurance-After-the-Great-Recession.PDF
Collectively, the states have borrowed over $50 billion to pay unemployment compensation benefits to unemployed workers.
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91 Trust Fund 12.17.20 FIN.pdf
https://cms.detr.nv.gov/Content/Media/Trust%20Fund%20%2012.17.20%20FIN.pdf
Unemployment Insurance benefits ... Nevada now joins 22 other states in borrowing funds under Title XII of the Social.
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92 State's Unemployment Trust Fund Runs Out - CBIA
https://www.cbia.com/news/issues-policies/states-unemployment-trust-fund-runs-out/
State's Unemployment Trust Fund Runs Out ... Connecticut's Unemployment Compensation Trust Fund to run out, forcing the state to borrow more ...
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93 Federal Unemployment Insurance Legislation, 1954
https://www.ssa.gov/policy/docs/ssb/v17n11/v17n11p18.pdf
Amount of loans outstanding ... two kinds of credit unions are, of to Federal and State-chartered credit ... unemployment benefit payments: the loans are to ...
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