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JFAC approves accounting corrections for unemployment insurance, debates staffing and operations funding
Summary
After debate over unemployment-insurance operations and staffing levels, the committee approved fund transfers and technical language to correct FY2024 accounting errors and to require reporting on Department of Labor positions.
The Joint Finance-Appropriations Committee discussed the Department of Labor’s unemployment-insurance operations and staffing, including whether prior temporary staff additions made during the pandemic should be retained. Committee members and staff debated whether rate increases and interest earnings in the unemployment-security account were being used for operations and whether personnel levels remain appropriate now that claims volume has declined.
The committee ultimately approved an accounting correction and fund transfer to reconcile FY2024 fund balances: $4,868,000 was transferred from the Unemployment Security Administration and Reimbursement Fund to the Employment Security Fund to correct entries. The committee…
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