RALEIGH, N.C. (AP) — A Republican-authored solution to more quickly pay off the $2.5 billion North Carolina owes the federal government for covering unemployment benefits cleared another legislative hurdle Tuesday.
A legislative study committee recommended to the full General Assembly a proposal that would scale back the amount and length of benefits for future unemployed workers and require some higher unemployment tax rates for businesses.
The bill will be introduced when the Legislature begins work in earnest at the end of the month. The House and Senate still would have to pass a measure and present it to new Gov. Pat McCrory, who has called eliminating the debt an early priority.
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