Geoff Dornan

Back to: News
December 8, 2010
Follow News

State to raise unemployment tax

Nevada businesses will pay

$136 million more in taxes in 2011 to try to put some cash back into the state's Unemployment Insurance Trust Fund.

That fund, which started this recession with a balance of more than $700 million, was depleted in October 2009 by benefit payments to record numbers of out-of-work Nevadans.

Employment Security Division Administrator Cindy Jones said the state has had to borrow $579 million to cover checks for more than 100,000 people on unemployment each week.

On Tuesday, Employment Security Council approved raising the average unemployment insurance tax for businesses from

1.33 percent of wages to …

Explore Related Articles

Trending in: News

The Nevada Appeal Updated Dec 8, 2010 01:34AM Published Dec 8, 2010 01:33AM Copyright 2010 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.