Still no action on addressing Illinois’ $4.4 billion unemployment debt – Center Square

As of Monday, the U.S. Treasury showed Illinois’ outstanding unemployment trust fund debt is $4.4 billion. The state is one of 11 states that have such debt, and third behind California’s $19.3 billion and New York’s nearly $9 billion. The interest on Illinois’ debt accrued for fiscal year 2022 is $10.7 million. The interest is 2.77%.

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