Hochul: State paying off unemployment insurance debt 'my counter to the tariffs'

Hochul will drain reserves to pay off $7B in unemployment insurance debt for businesses in last-minute budget move

Gov. Kathy Hochul is delivering a big win to businesses that have been pressuring her to pay off their billions of dollars in unemployment-insurance debt -- but she’s stealing the cash from state reserves to do it.

Hochul: New York to pay off $6B in unemployment insurance debt in state budget

A week ago, the governor said the state would only pay off the interest on that debt.

New York State to pay off $6 billion pandemic debt

New York will settle a $6 billion pandemic-era debt, easing the burden on employers and allowing unemployment benefits to increase for workers.

and politicians — will have just hours to review Hochul’s $254 billion NY state budget before voting begins

Thousands of pages of bill language that make up the budget will be released beginning Tuesday evening, meaning the public and even rank-and-file lawmakers themselves will only have mere hours to study the package before voting on it.

Addressing New York’s unemployment debt

A campaign appears to have been successful in convincing state policymakers to pay off NY's billions in unemployment insurance debt to the federal government.