How Illinois businesses will benefit from deal to pay off $1.8 billion in unemployment debt

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Gov. J.B. Pritzker said Illinois businesses will not face tax increases next year to provide unemployment insurance for employees who lose their jobs.
That’s because a $1.3 billion deficit that the Illinois Department of Employment Security incurred due to the Covid-19 pandemic was wiped out after the state reached an agreement this week with business and labor leaders and state lawmakers.
"This agreement will ease that pressure and provide greater stability for our system, while also ensuring…

Region: Metro East,Feeds,Business,City: St. Louis, MO

via St. Louis Business News – Local St. Louis News | The St. Louis Business Journal https://ift.tt/Ytcb5Sm

November 30, 2022 at 04:32PM

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