Indiana Unemployment in State of Bankruptcy

The Indiana Unemployment fund is out of money and lawmakers are struggling to find solutions to the problem. Businesses owners already facing steep increases in unemployment insurance rates in 2011 are concerned they could see more. The unemployed are worried that Gov. Mitch Daniels has said the state needs to make adjustments in the benefits that are paid.

There are lots of issues lawmakers want to address in the legislative session that begins Wednesday.

But only a few must be dealt with – crafting a new budget, drawing congressional and state legislative boundaries for the next decade, and trying, yet again, to address a busted unemployment insurance system.

State workforce development commissioner Mark Everson said if the correct changes are made, Indiana’s unemployment fund should be back in the black by 2020.

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