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Pence to Detail Early Loan Payoff

Wednesday, October 21, 2015 06:29 PM EDT Updated: Thursday, October 22, 2015 08:49 AM EDT
Pence to Detail Early Loan Payoff The announcement Thursday morning is set to take place at Sensory Technologies in Indianapolis.

Governor Mike Pence will unveil details today about last week’s major federal unemployment insurance loan announcement. The State Budget Committee has approved $250 million for early payoff of the loan, which the state says could help it avoid more than $300 million in penalties.

The state loaned money from its general fund to the Unemployment Insurance Trust Fund, which opened up the early repayment option. The state took out the loan during the recession. It was due to be paid back November 10 and will be covered in the first half of next year by state unemployment insurance tax revenues.

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Perspectives

Navigating Indiana’s policy landscape: A personal perspective on Dentons LegCon

Navigating Indiana’s policy landscape: A personal perspective on Dentons LegCon

In the hustle and bustle of our professional lives, we often find ourselves engrossed in the intricacies of our trades. However, amidst our daily routines, there exists a unique opportunity to broaden our horizons and delve into the critical issues facing the state of Indiana. ...

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