FRANKFORT, Ky. (AP) — Democratic Gov. Steve Beshear is still working on a way to make a $28 million interest payment due in just over a month on a $900 million federal loan that has kept Kentucky's unemployment insurance program afloat.
Beshear, who is seeking re-election, said Monday he will announce his plan soon so that Kentucky businesses can avoid feared financial penalties.
Republican Senate President David Williams, who is running against Beshear, called on the governor Monday to fix the problem or call the legislature into session to handle it.
Beshear said he would call lawmakers back to Frankfort only if no other options are available.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
