Illinois businesses on hook for $1.4 billion in state unemployment debt – Illinois Policy

The Illinois Department of Employment Security will pay down $450 million of the $1.8 billion Unemployment Insurance Trust Fund deficit. The problem is the final deadline to pay off the remaining $1.4 billion is Nov. 10. After that, the federal government hits Illinois businesses with an automatic unemployment tax hike until the deficit is paid off.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
ger42
3 years ago

What a moron this LoL governor JB is. He celebrates saving a potential $10M and is still on the hook for $100M and that is just interest. The bill is $1.8 B unpaid, but he will somehow negotiate it. Maybe another round of loan forgiveness is in our future. We are going to pay for this, please get out and vote.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE