Red ink predicted for state unemployment insurance fund (The Sacramento Bee)
Published: October 31st, 2008
California's unemployment insurance fund will be $2.4 billion in the red by the end of 2009 and $4.9 billion in the hole by the end of 2010 if changes are not made to how unemployment insurance benefits are financed, the state Employment Development Department predicted on Friday. In their October forecast, EDD officials said the state unemployment insurance fund is expected to collect $15.2 ...
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