Indiana Chamber Stops Unemployment Insurance Tax Increase

The federal government considers Indiana’s current unemployment insurance (UI) trust fund balance of $650 million to be insufficient. The fed’s calculations show that Indiana should be somewhere between $1.7 and $1.8 billion. Moreover, the Indiana Department of Workforce Development (DWD) calculates that the state’s balance will be around $1 billion by the end of 2020 based upon current forecasts [...]