(St. Paul, MN) — Minnesota employers are fearing tax hikes as the state owes more than one billion dollars to the federal government to cover unemployment costs. Over a quarter of Minnesota’s workforce filed for unemployment benefits last year, draining the state’s one-point-five billion dollar trust fund for sidelined workers. The state borrowed over a billion dollars from the federal government to keep unemployment payments up-to-date. Lawmakers are debating how to repay the debt, but business owners say any unemployment tax hikes could be devastating.
Minnesota Employers Fear Tax Hike To Cover Unemployment Deficit
By Ashley Hanley|2021-12-13T05:03:07-06:00December 13th, 2021|