Kentucky Should Re-Enact Surcharge to Pay Unemployment Interest

By Jason Bailey
January 11, 2012

Kentucky owes interest payments on the nearly one billion dollars borrowed from the federal government to pay unemployment insurance benefits during the economic downturn. The next interest payment, due September 30, is estimated to be $44 million. In addressing these looming payments, the best strategy is for Kentucky to re-enact an employer surcharge.

Updated UI Interest Brief