Sunday, January 25, 2009

Texas jobless fund to face $447M deficit

From News 8 Austin, January 22, 2009...

State officials project Texas will have a $447 million shortfall in its unemployment compensation trust fund on Oct. 1.

That's after the temporary suspension of the unemployment replenishment tax at the behest of Gov. Rick Perry. The fund that pays jobless claims was flush with $90 million in savings nearly a year ago when Perry temporarily halted the replenishment tax. That's one part of the unemployment insurance tax.

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