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JBC lowers balance caps for Employment Support and UI support funds; motion passes unanimously
Summary
The Joint Budget Committee voted 6-0 to adopt staff recommendations to lower the Employment Support Fund (ESF) balance cap to $3.5 million and reduce the UI program support fund cap from $31 million to $25 million; staff said the out-year general fund relief is limited in the near term.
Phoebe Kanagaraja, JBC staff analyst, asked the committee to approve technical corrections and balance-cap adjustments related to the Department of Labor and Employment and unemployment insurance (UI) program funds.
Kanagaraja told the committee she recommends lowering the ESF balance cap to $3,500,000 (about 36% of estimated expenditures for that fund)…
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