WAMU 88.5 : News

Filed Under:

Virginia To Decide How To Fund Next Year's Unemployment Benefits

Play associated audio

Virginia owes $20.2 million in interest to the federal government on money borrowed to fund extended unemployment benefits. The state must now decide how to fund next year's unemployment benefits, and their decision could impact employers who pay into the trust fund.

A Virginia unemployment compensation commission discussed what the state’s burden would be if it borrowed an additional $251 million to help pay benefits for thousands of jobless workers.

Commission chair Senator John Watkins says that may depend on when the previously borrowed funds can be paid back. The panel is also concerned about whether employers' tax burdens will increase as a result. Watkins doesn't think that will be the case.

"Business is paying higher taxes now and we've also had to borrow," he says. "That decreases the deductibility of what they do pay. They're sort of being hit with a double whammy right now so I do not anticipate that we're going to add to the tax burden."

He's hopeful that since the state allocated $8.9 million for the interest payment, the balance can be paid before borrowing again next year.

NPR

Jhumpa Lahiri Finds Freedom In Italian Memoir: 'No One Expected Me To Do It'

The Interpreter of Maladies author is a successful, Pulitzer Prize-winning English-language writer. But she found writing in Italian gave her true freedom; "Language is a very messy thing," she says.
NPR

Gulf Of Mexico Open For Fish-Farming Business

For the first time, companies can apply to set up fish farms in U.S. federal waters. The government says the move will help reduce American dependence on foreign seafood and improve security.
NPR

'We're Mostly Republicans': New Hampshire Voters Explained By 'Our Town'

After NPR's Bob Mondello used The Music Man to help explain the Iowa caucuses, he wished there was a musical of Our Town so he could do the same for New Hampshire. It turns out there is one.
NPR

A Skeptical Review Of CBS' Super Bowl Online Streaming Success

For the first time, CBS put the full Super Bowl, with ads, online and claimed record viewership. But StreamingMedia.com's Dan Rayburn says the decision to stream is getting too much hype.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.