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TWC CFO projects Sept. 30, 2025 unemployment trust fund balance below statutory floor; ETI transfer expected
Summary
TWC Chief Financial Officer Chris Nelson projected a Sept. 30, 2025 trust fund balance of about $992 million, roughly $358 million below the statutory floor, and described a transfer of $456.8 million from the ETI account under Section 204.123 of the Texas Unemployment Compensation Act.
Chris Nelson, chief financial officer for the Texas Workforce Commission, presented the commission with a final 2025 projection for the state unemployment trust fund and described steps the agency will take under state statute if balances fall below the legal floor.
"We started the year with $1,570,000,000," Nelson said, adding staff were projecting $2,100,000,000 in revenue and…
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