Pritzker Unveils Agreement To Eliminate Pandemic Unemployment Debt

Illinois leaders are pushing a plan to pay off the rest of the state’s pandemic unemployment insurance.  Governor Pritzker unveiled a bipartisan agreement yesterday that calls for using one-point-eight-billion dollars in state funds to repay nearly one-point-four billion-dollars to the federal government and add 450-million-dollars as an interest-free loan to the Unemployment Insurance Trust Fund.  The deal is expect to save taxpayers an around 20-million-dollars in interest costs.  The agreement still needs legislative approval.