State unemployment fund pays back $250M loan

The trust fund—which is used to pay benefits to out-of-work Hoosiers—reimbursed the state for a loan that saved businesses from paying more than $327 million in penalties to the federal government.

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Daniels signs jobless-fund bill that unions fought

Indiana Gov. Mitch Daniels signed into law Thursday a plan aimed at fixing Indiana’s debt-ridden unemployment fund that labor unions had opposed because it will reduce jobless benefits for some people while softening business tax increases.

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Indiana Statehouse

House panel backs cuts to jobless benefits

An Indiana House committee split along party lines to approve a bill that would cut jobless benefits for some people starting next year as the state tries to fix its insolvent unemployment insurance system.

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New jobless claims tick down slightly

Initial jobless claims fell by 6,000, to 472,000, in the week ended Aug. 28, in line with the median forecast of economists surveyed by Bloomberg News, Labor Department figures show.

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Year delay in unemployment tax hike won’t satisfy Uncle Sam

Hoosier legislators are crowing about the deal they just brokered to delay a $400 million state tax hike meant to shore up
Indiana’s bankrupt Unemployment Insurance Trust Fund. Here’s what they’re not touting: the mandatory federal tax increases
every single business in Indiana now faces the next three years.

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