- Published: Friday, March 25, 2022 12:52 PM
SPRINGFIELD—After months of meetings between business, labor, lawmakers and other stakeholders, the Unemployment Insurance working group presented legislation from Assistant Senate Majority Leader Linda Holmes (D-Aurora) that makes unmatched investments in paying down overdue bills, to the tune of $4.1 billion. The Senate passed that measure Thursday.
“I’m proud of this unprecedented change to catch up on some outstanding debts to continue improving our state’s credit standing,” Holmes said. “Allotting $2.7 billion to the Unemployment Trust Fund, as well as substantial earmarks for group health insurance bills, the College Illinois Program and extra pension payments, is a big step to boost our fiscal standing. It also provides a sense of security for Illinois residents, including current and retired state workers and their families.”