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News Brief

May 20, 2011SAVANNAH, MO |  By: Wayman

Unemployment Fund

Missouri businesses most likely will be hit with an assessment next year to help pay the state's unemployment fund.

Savannah senator Brad Lager says it's an issue that didn't get resolved in the legislative session and advises to look for it again in the next one. Missouri owes the federal government just short of one billion dollars in unemployment funding it borrowed under the federal stimulus bill. Now, Lager says the state has to pay it back by either allowing the federal government to assess penalties on Missouri employers or by the governor and 2 other state officials issuing bonds, then assessing Missouri employers as a guarantee the bonds will be paid off. Lager points to two large accomplishments lawmakers did pass this session where both will appear on the November ballot for voters to decide: The photo ID for voting issue and a proposal to allow voting a week and a half before election day.