General Assembly working fast on unemployment fund

Indiana lawmakers are working quickly to help fix the state's bankrupt unemployment insurance system in enough time to give businesses a tax break.

The House could vote as early as Monday on the proposal to cut jobless benefits for some people and lessen the increases in state unemployment taxes on businesses. If the GOP-ruled House approves the plan, it will go to the Republican-led Senate.

Senate President Pro Tem David Long of Fort Wayne says lawmakers want to pass a plan quickly so that new first-quarter tax bills can be sent to businesses. Those bills would be lower than the bills already sent out.

The proposal is meant to fix Indiana's unemployment fund, which pays out millions of dollars more in jobless benefits than it takes in through employer taxes.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets in {{ count_down }} days.