State budget to include funds for unemployment debt

State budget will boost unemployment benefits

Labor unions and business lobbyists successfully convinced Gov. Kathy Hochul to pay off New York’s $6.2 billion unemployment insurance debt — and boost unemployment benefits for the first time in six years — as part of her final budget agreement…

New York Will Boost Unemployment Benefits, Labor and Businesses…

Labor unions and business lobbyists successfully convinced Governor Kathy Hochul to pay off New York’s $6.2 billion unemployment insurance debt — and boost unemployment benefits for the first time in six years — as part of her final budget agreement with the state legislature. New York owed the money after borrowing from the federal government to cover pandemic-era unemployment claims. The state has been repaying the debt since then, through hig…

State budget to include funds for unemployment debt

PLATTSBURGH — A move to include much-needed funding for the state’s unemployment fund debt is being applauded by local leaders.

NY Business Council Executive VP Paul Zuber Touts NYS Agreement to Pay $6 Billion Unemployment Insurance Debt for Employers | TALK! 100.7 FM

Executive Vice President Paul Zuber of the Business Council of New York State explains the positive impact of the agreement that New York State would fund the remaining $6 billion Unemployment Insurance Debt burdening businesses.