Connecticut borrowed over $700 million from the federal government to bolster its underfunded Unemployment Insurance Trust Fund after the forced closure of businesses during the COVID-19 pandemic put hundreds of thousands of people out of
The Appropriations Committee unanimously passed a plan to spend $2.8 billion in federal COVID-relief funds, including paying down $310 million in unemployment funds borrowed from the federal government to pay the massive influx of unemployment
Connecticut entered the COVID-19 pandemic with roughly half the money in its unemployment trust fund needed to withstand a typical recession and subsequently, the state had to borrow $894 million from the federal government in
The COVID-19 pandemic has rightly led to high praise and support by lawmakers and state officials for hospitals that face potentially overwhelming numbers of infected patients and for small businesses that have been forced to
Connecticut had roughly half of the money needed to weather a recession in its unemployment trust fund before the COVID-19 pandemic hit the state, according to a report from the Tax Foundation which tracked unemployment
Yankee Institute is grateful to Gov. Ned Lamont and his team for their work, thus far, in trying to mitigate the economic damage being wrought on Connecticut during this time of crisis and for their
The Connecticut Department of Labor has been passing around hand-outs to lawmakers touting a new administrative tax meant to fund DOL’s staffing costs as a way to grow Connecticut’s economy.
Wendy Traub of Hemlock Directional Boring - a construction company that specializes in underground utility pipe installation, says small businesses like Hemlock simply do not have the time to commit to appeals when there is
Connecticut businesses drop unemployment appeals or fail to show up for hearings 40 percent of the time, according to state figures, driving the low success rate for employer appeals found in a recent association report.