The fallout from the great recession that began in 2008 is still being felt in many quarters. One is in the realm of unemployment taxes. Connecticut employers will see an increase in what they pay next year.
State Rep. Gail Lavielle (R-143) says she has serious concerns about the additional tax that is designed to help the state pay off money owed to the federal government. Some $432 million remains of more than $1 billion Connecticut borrowed from the federal government in 2009 to keep its unemployment compensation trust fund solvent. Connecticut is the only state where employers will have to pay this tax, Ms. Lavielle noted, resulting in Connecticut’s employers having the highest federal unemployment tax rate in the country.