by Betsy Sundquist
Published: November 16, 2009
Tags: deficit, Minnesota unemployment insurance trust fund
Minnesota’s unemployment insurance trust fund, overburdened by a 7.3 percent jobless rate that is showing few signs of improvement, has been out of money for weeks and will likely be close to $300 million in the hole by the end of the year.
by Steve Perry
Published: June 25, 2009
Tags: Lee Nelson, Minnesota Department of Employment and Economic Develop, Minnesota unemployment insurance trust fund, Robert Pavosevich, Unemployment insurance
Meet Minnesota’s other looming fiscal crisis–the one nobody’s talking about publicly yet. Strained to its limits by the length and depth of the recession, the state’s unemployment insurance (UI) system has just a month’s worth of reserves left. And the program’s administrators say that current projections indicate it will enter permanent deficit by the end of [...]
by Steve Perry
Published: June 25, 2009
Tags: Minnesota 2012-13 budget, Minnesota budget deficit, Minnesota unemployment insurance trust fund
I wanted to add a footnote to the grim reports about the state’s future general fund and unemployment insurance deficits I’ve posted here this week. Any discussion of future revenues and deficits is bound to contain an obligatory qualifier. As Lee Nelson of DEED put it in talking about the projected unemployment insurance fund deficit, "If [...]
by Steve Perry
Published: June 25, 2009
Tags: Lee Nelson, Minnesota Department of Employment and Economic Develop, Minnesota unemployment insurance trust fund, Robert Pavosevich, Unemployment insurance
Meet Minnesota’s other looming fiscal crisis–the one nobody’s talking about publicly yet. Strained to its limits by the length and depth of the recession, the state’s unemployment insurance (UI) system has just a month’s worth of reserves left. And the program’s administrators say that current projections indicate it will enter permanent deficit by the end of [...]
by Steve Perry
Published: June 11, 2009
Tags: Minnesota economy, Minnesota unemployment insurance trust fund, U.S. Department of Labor, Unemployment insurance
The wretched economy is laying waste not only to the state’s general fund budget, but its unemployment insurance (UI) trust fund as well. At the end of 2008, the fund that pays Minnesota unemployment claims stood at $508 million. According to U.S. Department of Labor calculations, that represented reserves equal to about four months (0.34 [...]
by Steve Perry
Published: June 11, 2009
Tags: Minnesota economy, Minnesota unemployment insurance trust fund, U.S. Department of Labor, Unemployment insurance
The wretched economy is laying waste not only to the state’s general fund budget, but its unemployment insurance (UI) trust fund as well. At the end of 2008, the fund that pays Minnesota unemployment claims stood at $508 million. According to U.S. Department of Labor calculations, that represented reserves equal to about four months (0.34 [...]
