Published 1 year ago

Lawmakers announce bipartisan plan to pay down Illinois’ remaining unemployment debt

Summary by Ground News

Governor J.B. Pritzker announced the state will be paying off all of that debt. The $1.8 billion is an interest-free loan from the state. The money for this proposal comes from a surplus of over $3.6 billion the state announced earlier this month.

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The Center Square

Illinois to pay off remaining unemployment insurance loan balance

(The Center Square) – The state of Illinois intends to pay off the remaining $1.36 billion unemployment insurance loan balance and replenish the fund for the future.

1 year ago·United States

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KWQC TV6 News

Illinois leaders agree on solution for unemployment insurance fund debt

Illinois state lawmakers have reached an agreement with business and labor leaders to pay off the remaining debt in the state’s unemployment insurance trust fund.

1 year ago

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WGEM

Illinois leaders agree on solution for unemployment insurance fund debt

Illinois state lawmakers have reached an agreement with business and labor leaders to pay off the remaining debt in the state’s unemployment insurance trust fund.

1 year ago

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WCIA.com

Illinois plans to pay off rest of pandemic unemployment debt

SPRINGFIELD, Ill. (WCIA) – The pandemic drained the state’s unemployment trust fund. Over two years, the 2-billion-dollar reserve was wiped out – and then the fund went an additional $4 billion dollars in debt. Tuesday, Governor J.B. Pritzker announced the state will be paying off all of that debt. “Republicans and Democrats are delivering a […]

1 year ago

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Whig UK

Lawmakers announce bipartisan plan to pay down remaining unemployment debt

Lawmakers on Tuesday announced a bipartisan plan to use state revenues to pay down the remaining $1.4 billion in debt taken on by the state’s Unemployment Insurance Trust Fund amid the COVID-19 pandemic.

1 year ago

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Shaw Local

Lawmakers announce bipartisan plan to pay down Illinois’ remaining unemployment debt

Illinois lawmakers announced a bipartisan plan to use state revenues to pay down the remaining $1.4 billion in debt taken on by the state’s Unemployment Insurance Trust Fund amid the COVID-19 pandemic.

1 year ago

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