RIPEC: State unemployment trust may run out by Sept., resulting in raised business taxes

Chris Bergenheim

06/04/2020

A NEW report from the Rhode Island Public Expenditure Council projected that that the state's unemployment insurance trust will become insolvent by September, potentially resulting in raised business taxes down the road. — A NEW report from the Rhode Island Public Expenditure Council projects that the state's unemployment insurance trust will become insolvent by September, potentially resulting in raised business taxes.

PROVIDENCE – Rhode Island’s unemployment insurance trust fund is on track to run out by September, and the result may be higher taxes for employers down the road, the Rhode Island Public Expenditure Council said in a report released on Thursday. In January, the state fund was at its highest level ever. Even adjusted for…

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