Governor to sign unemployment insurance measure

FRANKFORT, Ky. (AP) - Gov. Steve Beshear and the sponsors of a
bill that could save employers millions of dollars in federal
unemployment insurance taxes have scheduled a press conference to sign the measure.

The governor's office announced that Beshear would be joined by
House Speaker Pro Tem Larry Clark, a Louisville Democrat; Sen.
David Givens, a Greensburg Republican; and business leaders in the Capitol for the signing of the bill at 1:30 p.m. Wednesday.

The bill would allow the state to borrow $79 million to pay the
first three years interest on $948 million the state borrowed from
the federal government to keep the unemployment system afloat
during the recession. It includes a $21 per employee surcharge on
businesses to cover future payments.
The legislation is HB 495.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 147090315 -
Gray Television, Inc.