Deal Still Not Reached On Debt In The State’s Unemployment Insurance Fund – WMAY (Springfield)
Labor unions say they are at an impasse with business groups in talks over how to resolve the remaining debt in the state’s unemployment insurance fund. The two sides now have until January to work out a deal before automatic tax hikes on businesses and benefit cuts for workers take effect.
A new study published by the National Bureau of Economic Research added up the costs to lives and livelihoods from Covid itself, along with the costs due to the lockdowns, mandates and school closings, and found Illinois was the nation’s 5th-worst performer.