Pritzker Unveils Agreement To Eliminate Pandemic Unemployment Debt
November 30, 2022 1:11PM CST
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.