This February marks the 100th anniversary of an Ohio State tradition. Since 1915, the chimes have been part of University life, housed in one of the oldest and most unique buildings on campus. WOSU’s Tom Rieland has this profile on the Chimes of Orton Hall…
Ohio Requests $550 Million in Federal Help for Jobless Fund
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Ohio has asked the federal government for $550 million to help shore up a state unemployment compensation fund hit hard by the shrinking economy.
The letter sent Friday to U.S. Labor Secretary Elaine Chao asks for $50 million in December, and $250 million in both January and February.
The state’s unemployment benefits fund is facing a spike in claims at the same time it’s seeing a drop in revenue collected through taxes on businesses.
The fund currently holds about $277 million, down from $594 mllion a year ago and far below what the state regards as the minimum safe level of $2.5 billion.
The federal money would need to be repaid by a certain date or the state would face high interest rates. Ohio is asking for easier repayment terms.