Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committee backs revenue-neutral shift to fund reemployment assistance operations
Summary
The Senate Appropriations Committee gave SB 26 a due-pass recommendation after testimony that the bill would lower employer unemployment taxes by $3 million while raising the program's administrative fee by the same amount to cover operating costs and protect federal FUTA credits.
The Senate Appropriations Committee voted to give Senate Bill 26 a due-pass recommendation after hearing that the measure would lower employer unemployment contribution revenue by $3 million while increasing an administrative fee by $3 million to keep the state's Reemployment Assistance program operating.
Marsha Holtman, with the Department of Labor and Regulation, told the committee SB 26 "lowers employer taxes ... by $3,000,000 while it increases the administrative fee charged to employers for the operations of the Unemployment Insurance Program by $3,000,000." She described the change as revenue neutral and said federal rules limit trust fund dollars to benefit payments, so administrative costs must be covered by the separate fee.
The bill would reduce…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
