Texas Fund for Unemployed to Run Out of Money

By: The Associated Press Email
By: The Associated Press Email

The state unemployment insurance trust fund will run out of money next week, forcing the Texas Workforce Commission to borrow $643 million from the federal government to cover claims.

State officials also said Tuesday they are overwhelmed by people
applying for assistance and that 82,000 unemployed Texans whose
benefits ran out will not receive the 13-week extensions they
expected. Officials say that once unemployment payments are
restored to those needing extensions, they will be retroactive to
the date they were cut off.

State Democratic Party Chairman Boyd Richie told The Dallas
Morning News that Gov. Rick Perry should have accepted $556 million
of federal stimulus funds. Perry said the funds would have been
burdensome to small business owners.

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