Flash Flood Warning expires at 1:30 AM on 8/2, issued at 10:25 PM Bays, KY | Bethany, KY | Campton, KY | Clayhole, KY

Governor Beshear signs unemployment insurance bill

Reported by: Ian Preston
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 4/11/2012 11:21 pm

Governor Steve Beshear has signed a bill that sets out a plan to pay back more than 900 million borrowed from the Federal Government for unemployment insurance benefits.

Beshear, the bill's sponsors and business leaders came together at the capital on Wednesday for the official signing of the legislation.

The bill prevents a 600 million dollar tax penalty that will save employers from paying 420 dollars in unemployment insurance per employee. Currently employers in the commonwealth only pay 63 dollars per employee.

The state had little choice but to borrow the 963 million from the Federal Government in order to keep the state's unemployment program afloat.

Unemployment numbers have gone down in recent years. In 2009 a monthly average of 128 thousand Kentuckians were collecting unemployment. That number is currently down to under 90 thousand Kentuckians.
Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Most Popular
Kentucky gets driver's license extension
Kentuckians don't have to worry about their driver's licenses for another year.
Richmond Woman Accused Of Stealing From Clothing Store Where She Worked
Richmond Police said Tanya Horn, 33, of Richmond, stole money and clothes over a two-year period from a childrens clothing store where she worked.
Ky. man charged with murder in son's death
Police in south-central Kentucky have charged a man with murder and abuse in the death last year of his infant son.
UPDATE: Police Say One Driver Did Not Survive Collision On U.S. 60
Police said one person died after a collision Thursday at U.S. 60 and Paddock Drive. Video Video
UPDATE: Coroner Identifies Man Killed In Versailles Collision
The Fayette County Coroner released the name of a man who was killed Thursday when a car and an SUV collided in Versailles. Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.
   

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.