August 14, 2025 – Schenectady, NY – Governor Kathy Hochul celebrated with business and union leaders the state’s action to pay off the nearly $7 billion federal Unemployment Insurance (UI) Trust Fund loan — a move to bring the fund to solvency, increase benefits for unemployed New Yorkers and cut costs to businesses.
Governor Hochul and Business and Union Leaders Celebrate NYS Paying Off UI Trust Fund Debt
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