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
Car Flips After Collision In Downtown Lexington
A car ended up on its top Sunday afternoon in downtown Lexington. And investigators said they were getting different reports about how it happened. Video Video
Lexington PD: Man Goes to Meet Woman, Gets Robbed Instead
A Frankfort man was hoping to meet up a woman he had met online early Saturday morning, but officials said when he got to their meeting spot, he was robbed.
Police: Gun Fired Outside Lexington Waffle House
Lexington Police were called to a Waffle House restaurant after reports of gunfire. Officers said it happened around 3:00 a.m. Sunday on Redding Road off of Tates Cre
UPDATE: New Details In Shooting On Hollow Creek Road
There were new details released after a shooting that police said left a bullet lodged in a Lexington home.
Deputies: Drugs, Cash & Guns Found In Frankfort Home
A Frankfort man was arrested after deputies say he was caught with drugs, cash and several loaded guns.
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.