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.
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ger42
1 year 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.

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