To cover the rising cost of unemployment, the Wisconsin Department of Workforce Development has been forced to borrow $1.3 billion federal funds. Unless Congress acts to waive the interest attributable to this loan, the first interest payment will become due on October 1, 2011. Although it is still possible for Congress to waive the interest [...]
Service Bulletins
Wisconsin Issues Estimate of Special Assessment to Pay Interest on Federal Advances to the State’s UI trust Fund
June 27th, 2011
Legislation to Extend the Work Opportunity Tax Credit (WOTC) Introduced in Congress
June 22nd, 2011
For more information click here.
Colorado Enacts Additional Assessment to Pay Interest on Federal Advances to the State’s Unemployment Trust Fund
June 7th, 2011
Because of the insolvency of the state’s unemployment trust fund, the Colorado Department of Labor and Employment has been forced to borrow over $250 million in federal funds to cover the cost of unemployment claims. Unless Congress acts to waive the interest attributable to this loan, the first interest payment will become due on October [...]