Atlanta, FL (AP) - Georgia's labor commissioner is recommending cuts to jobless benefits in order to repay a federal loan the state took
to keep its unemployment fund afloat.
Mark Butler told The Associated Press on Thursday that his
preliminary plan is to slash payments from $330 to $300 a week for
top earners and to reduce the number of weeks that Georgians may
collect and unemployment. Under Butler's proposal, unemployed
Georgians would also have to wait a week before collecting
The changes would need to be approved by state lawmakers and
would not affect those already collecting benefits.
The state earlier this month paid $21 million in interest on the
$721 million loan. Another interest payment will be due next year
and Georgia officials want to begin chipping away at the principal.
(Copyright 2011 by The Associated Press. All Rights Reserved.)