State of the States: Which States Still Have UI Funds?
The 34 states and territories that have been borrowing federal funds to pay unemployment insurance costs are as follows: AL, AR, AZ, CA, CT, CO, DE, FL, GA, HI, ID, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, PA, RI, SC, SD, TN, TX, VA, VT, WI, VI. This group is expected to include as many as 40 states by the end of 2011.
The states with positive balances worth less than six months of benefits in their UI funds as of November 30th, 2010 were NM, SD, IA, TN, WV, and NH. Since November, SD and TN have joined the ranks of borrowers.
The states and territories with more than six months of benefits in their state trust fund as of November 30th, 2010 were PR, AK, MT, WV, UT, ND, NE, OK, LA, MS, and ME.
Source: SUCAP (State Unemployment Compensation Advisory Program) newsletter put out by Strategic Services on Unemployment & Worker’s Compensation (UWC). www.uwc.org
Any tax or legal information addressed here is provided solely as a courtesy summary and is not intended to be exhaustive in nature. Although this information was current to the best of our knowledge at time of publishing, tax law and policy evolve rapidly and should always be verified for accuracy with the respective agencies. Please consult a tax professional for advice and information concerning your particular tax situation.