Louisiana under Gov. louisiana unemployment trust fund Edwin Edwards borrowed $1.3 billion in 1987 from the federal government after the unemployment trust fund went broke. The problem then was a prolonged drop in oil prices that ...
Oct 07, 2020 · BATON ROUGE, La. (AP) — Louisiana senators Tuesday began moving legislation to keep the bankruptcy of the state unemployment trust fund from triggering business tax hikes and a drop in benefits for jobless workers during the coronavirus outbreak.. But lawmakers and Democratic Gov. John Bel Edwards still have no plan for refilling the depleted fund as Louisiana will begin to borrow money …
If the trust fund falls below a balance louisiana unemployment trust fund of $100 million, Louisiana law mandates that the Louisiana Workforce Commission impose a surtax on businesses of up to 30 percent on taxable payroll ...
Sep 25, 2020 · Louisiana will start borrowing money from the federal government in early October to keep paying benefits to jobless workers, as the state’s once-healthy unemployment trust fund is nearly empty because of the coronavirus outbreak, labor department officials said Friday. Lawmakers meeting in a special session that starts next week are scrambling for financing options to refill the fund that ...
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