Illinois to reduce federal unemployment debt by $450 million
Low unemployment has allowed for payment from trust fund balance
Gov. JB Pritzker announces a plan Tuesday for the state to pay down $450 million of its outstanding $1.8 billion Unemployment Insurance Trust Fund debt to the federal government. SPRINGFIELD (Capitol News Illinois) – Gov. JB Pritzker announced a plan Tuesday to reduce a $1.8 billion Unemployment Insurance Trust Fund deficit by $450 million through an infusion of unemployment-related revenues. The trust fund is the pool of money paid into by employers to provide a social safety net for unemployed […]
