This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Massachusetts should pay feds $2.1B after mistakenly utilizing pandemic funds to cowl unemployment advantages
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > World > Massachusetts should pay feds $2.1B after mistakenly utilizing pandemic funds to cowl unemployment advantages
World

Massachusetts should pay feds $2.1B after mistakenly utilizing pandemic funds to cowl unemployment advantages

Editorial Board Published January 21, 2025
Share
Massachusetts should pay feds .1B after mistakenly utilizing pandemic funds to cowl unemployment advantages
SHARE

Massachusetts should pay the federal authorities $2.1 billion over the subsequent 10 years to resolve a debt after the state below former GOP Gov. Charlie Baker’s administration mistakenly used federal pandemic funds to cowl unemployment advantages.

In 2023, Healey introduced that her administration uncovered that the prior administration improperly used about $2.5 billion in federal pandemic aid funds to cowl unemployment advantages that ought to have been funded by the state.

The whole legal responsibility exceeded $3 billion, together with charges and curiosity, based on Healey’s workplace. Negotiations with the U.S. Division of Labor dropped the overall owed to $2.1 billion over the subsequent decade.

DEM MASSACHUSETTS NOW WANTS TO LIMIT ILLEGALS IN CRIME-RIDDEN MIGRANT SHELTERS

Maura Healey, governor of Massachusetts, speaks at Roxbury Neighborhood School in Boston, Massachusetts, on Wednesday, Jan. 10, 2024. (Adam Glanzman/Bloomberg by way of Getty Photos)

“We were dismayed to uncover early on in our term that the previous administration misspent billions of dollars in federal relief funds and that our state was facing what could have been a more than $3 billion tab to pay it back,” Healey stated in a press release on Monday.

“For the past year and a half, we have engaged in extensive negotiations with the U.S. Department of Labor to minimize the impact on Massachusetts residents, businesses and our economy,” she continued. “Today, we have reduced our potential liability by over $1 billion and negotiated a decade-long payment window to mitigate the impact.”

The governor added that it’s “incredibly frustrating that the prior administration allowed this to happen” however that the present administration is “going to use this as a moment to come together with the business and labor community to make meaningful reforms to the Unemployment Insurance system.”

Former Massachusetts Gov. Charlie Baker speaks throughout a Juneteenth commemoration in Boston’s Nubian Sq., June 18, 2021. (AP Photograph/Elise Amendola, File)

Funds will start Dec. 1 and proceed annually for the subsequent decade.

Healey’s workplace stated companies is not going to face greater charges on their unemployment insurance coverage funds by a minimum of the top of subsequent yr, at which level charges will depend upon system reforms.

BLUE STATE GOV CHANGES TUNE AFTER VOWING TO FIGHT TRUMP DEPORTATION EFFORTS, NOW HOPES HE FIXES BORDER

CLICK HERE TO GET THE FOX NEWS APP

Healey directed state Labor Secretary Lauren Jones and Administration and Finance Secretary Matthew Gorzkowicz to “conduct a comprehensive review of the solvency of UI and assess potential reforms.”

The Healey administration projected the UI Belief Fund can be a whole lot of thousands and thousands of {dollars} in debt by the top of 2028, even earlier than considering the $2.1 billion in further funds.

TAGGED:2.1BBenefitscoverFedsfundsMassachusettsmistakenlypandemicpayunemployment
Share This Article
Twitter Email Copy Link Print
Previous Article Mustard-Roasted Salmon and Veggies Is the Sheet Pan Dinner You may Make on Repeat Mustard-Roasted Salmon and Veggies Is the Sheet Pan Dinner You may Make on Repeat
Next Article Horoscopes Jan. 21, 2025: Emma Bunton, reside inside your finances Horoscopes Jan. 21, 2025: Emma Bunton, reside inside your finances

Editor's Pick

Lil Tay Likens OF Success to Sydney Sweeney, Sabrina Carpenter

Lil Tay Likens OF Success to Sydney Sweeney, Sabrina Carpenter

Studying Time: 3 minutes Lil Tay is on par with Sydney Sweeney and Sabrina Carpenter, to listen to her inform…

By Editorial Board 5 Min Read
Alabama city mourns 16-year-old killed in crash: ‘Her presence made every circle better’
Alabama city mourns 16-year-old killed in crash: ‘Her presence made every circle better’

Town of Jackson is reeling this week after the lack of 16-year-old…

6 Min Read
Travis Kelce’s love of otters earns him, Taylor Swift, Monterey Bay Aquarium invite
Travis Kelce’s love of otters earns him, Taylor Swift, Monterey Bay Aquarium invite

The Monterey Bay Aquarium has invited Travis Kelce to come back for…

5 Min Read

Oponion

Explosion Kills Ukrainian POWs Held by Russian-Backed Forces

Explosion Kills Ukrainian POWs Held by Russian-Backed Forces

KYIV, Ukraine—An explosion at a detention camp in Russian-held territory…

July 29, 2022

10 Finest Mild Wash Denims For Males: Informal Cool Kinds In 2024 | Fashion

Fast, shut your eyes and movie…

October 14, 2024

Boeing Shareholders Reach Settlement in 737 MAX Board Oversight Suit

Current and former Boeing Co. directors…

November 5, 2021

Ex-NFL star criticizes Harris for response to query about closing-argument speech

Former NFL star working again Le’Veon…

October 27, 2024

Iridium Accelerates Direct-to-System Service with Acceptance into 3GPP Requirements; Broadcasts Iridium NTN Direct℠

Iridium Communications Inc., a number one…

September 25, 2024

You Might Also Like

Stellantis lays off ‘small quantity’ of staff in Windsor as firm cuts again on EV muscle automobile
World

Stellantis lays off ‘small quantity’ of staff in Windsor as firm cuts again on EV muscle automobile

Stellantis is shedding staff at its meeting plant in Windsor, Ont., as the corporate shifts away from its electrical muscle…

3 Min Read
31 shipwrecks present in Germany, together with one believed to be steamer destroyed in WWII air raid
World

31 shipwrecks present in Germany, together with one believed to be steamer destroyed in WWII air raid

Greater than 30 shipwrecks have been found hidden in a lake in Germany, officers introduced this week, together with one…

4 Min Read
White Home officers flip up the warmth on Indiana redistricting
World

White Home officers flip up the warmth on Indiana redistricting

Strain is mounting on Republicans in Indiana to take up redistricting forward of the midterms, with each White Home officers…

3 Min Read
Environmental teams sue Trump administration over “secret report” by “known climate contrarians”
World

Environmental teams sue Trump administration over “secret report” by “known climate contrarians”

The Trump administration has lowered funding for local weather analysis, dismissed federal scientists who labored on the Nationwide Local weather…

8 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?