St. Paul, MN – The House finally voted to refill the Unemployment Trust Fund that had been depleted over the course of the COVID-19 pandemic. The bill was signed by Governor Walz on Friday and will provide $2.7 billion to fully repay the fund and eliminate Minnesota’s $50,000 a day interest payment.
“Job creators who have been stifled by governmental mandates, high inflation and staffing issues can now breathe a sigh of relief,” Representative Brian Pfarr, R- Le Sueur, said. “With this legislation, employers will not be forced to pay a 15% tax increase.”
In February, Senate Republicans brought a bill that had bipartisan support to repay the unemployment trust fund. Unfortunately, House Democrats refused to vote on the bill, relying instead on their version last week.
In addition to the $2.7 billion to repay the trust fund, the bill includes $500 million in payments to frontline workers and provides $190 million for the Minnesota Management & Budget agency to provide for COVID-19 expenses.
Job creators who have questions regarding the unemployment trust fund can find answers here.
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