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Report Advises Ohio How to Shore Up Unemployment Fund
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A report released today advises Ohio to make a number of adjustments to keep its unemployment fund from going bankrupt.
The recommendations include raising taxes and temporarily freezing the amount of benefits paid to unemployed workers.
Ohio and 32 other states have unemployment funds that are beneath recommended levels. The report released Monday by Wayne Vroman of The Urban Institute in Washington presents a number of recommendations Ohio can use to stave off insolvency.
The report will be reviewed by the Unemployment Compensation Advisory Council, which will make a recommendation to the Ohio Legislature.
A growing number of unemployed workers has sapped the unemployment fund of its solvency the past several years.