Session Week Seven, Unemployment Trust Fund Deadline Passes, and more
Unemployment Trust Fund Deadline Passes
Back in February, the Senate passed SF 2677, the legislation proposing to repay the federal government and replenish the state’s unemployment insurance trust fund. The bill would appropriate $2.7 billion to refill the fund, which had been drained from the high volume of unemployment claims during the pandemic. The deadline to replenish the fund before businesses see an increase in unemployment related payroll taxes was Tuesday, March 15. The House DFL was only willing to replenish the fund under the condition of expanded frontline worker pay. The Senate has yet to pass legislation for expanded COVID worker pay, so no agreement was reached.