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Pandemic hits Connecticut’s unemployment trust fund – and state businesses will pay

Ana Radelat  |  June 29, 2020

By Ana Radelat, includes “Even before the coronavirus slammed the economy, Connecticut’s unemployment trust fund had only about half the amount it would need to weather a recession. Now, as the pandemic is creating an unprecedented need, the state will have to borrow huge sums from the federal government to pay the avalanche of unemployment claims. It is a debt Connecticut businesses will eventually have to shoulder. …

Read the full article on: The Connecticut Mirror

 
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