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Download Zipped Introduced WP 6.1 HB0345S1.zip
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This bill expands range of the Unemployment Insurance rate from 0.2 - 8.0 percent to 0.1 - 8.1 percent. Changes in the reserve rate and calculation method will effect a reduction for all employers paying this insurance at the contributory rate. The provisions of this bill will reduce income to the Employment Compensation Fund estimated by approximately $26,500,000 per year. After the reductions, sufficient revenue and reserves will be available to satisfy the requirements of the Fund. A one-time appropriation of $52,500 from the Employment Security Administration Fund will be required to execute this bill.
| FY 01 Approp. | FY 02 Approp. | FY 01 Revenue | FY 02 Revenue | |
| Unemploy.Insur. Trust | $0 | $0 | ($26,500,000) | ($27,600,000) |
| Employment Security Admin | $52,500 | $0 | $0 | $0 |
| TOTAL | $52,500 | 0 | ($26,500,000) | ($27,600,000) |
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