The state of Illinois has announced it intends to pay off the remaining $1.3 billion dollar unemployment insurance loan balance and replenish the fund for the future. The agreement will save taxpayers an estimated $20 million dollars in interest costs that would be due next September. During a news conference Tuesday, State Representative Dan Ugaste said both sides of the aisle came together on the deal.
The Illinois Department of Employment Security was hit with a wave of bogus claims during the pandemic. Governor J.B. Pritzker was asked if it is known how much was lost to fraudsters.
Nationwide, the Government Accountability Office reported nearly 1 in 5 unemployment claims may have been paid improperly.
story from Illinois Radio Network
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