Guv endorses plan to bond to cover state unemployment fund’s debt to feds
Gov. Butch Otter has endorsed a plan in the works at the state Department of Labor to issue bonds to cover the state's unemployment fund debt to the federal government, and redeem the bonds over four years. "It also involves raising the target balance in the trust fund formula to avoid borrowing in the future," he said. "Our plan will save Idaho employers an estimated $110 million over the next three years. My thanks go to Labor Director Roger Madsen for thinking outside the bureaucratic box on that issue."
