ATLANTA-State officials are trying to figure out how to meet Georgia’s unemployment insurance obligations.
More than 191,000 Georgians received unemployment insurance payments last week. Labor Department officials said the jobless will get their checks, but the fund is running out of money.
In 1999, Georgia’s trust fund stood at $2 billion, and the state suspended payroll taxes to cover unemployment insurance for most employers.
The fund dipped to $703 million in 2003, and has run out of money while the Legislature blocked increases in payroll taxes to support it.
Georgia and other states sought help from Washington in December 2009 and Congress provided assistance, but the government expects to be repaid. A $24 million interest payment is due in October.