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The State Got $8 1 Billion In Federal Relief Money – InsuranceNewsNet

The Illinois General Assembly recently approved spending $2.7 billion to reduce part of $4.5 billion of debt in the unemployment insurance trust fund, the fund that pays for unemployment insurance benefits. Illinois has received $8.1 billion of the funds aimed at providing the state relief from the impact of the coronavirus pandemic.

The State Got $8 1 Billion In Federal Relief Money – InsuranceNewsNet

The Illinois General Assembly recently approved spending $2.7 billion to reduce part of $4.5 billion of debt in the unemployment insurance trust fund, the fund that pays for unemployment insurance benefits. Illinois has received $8.1 billion of the funds aimed at providing the state relief from the impact of the coronavirus pandemic.

Illinois Lawmakers OK $2 7B for state s indebted unemployment fund

Lawmakers on Thursday approved a $2.7 billion paydown of debt accrued from the heavy use of unemployment insurance benefits during the pandemic.

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