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Employers now will have "certainty about the cost of doing business in North Carolina," Gov. Pat McCrory said Tuesday in announcing that the state has paid off a $2.8 billion unemployment insurance debt to the federal government that he inherited upon taking office in January 2013.
Published: Sunday, May 10th, 2015 @ 5:16 pm
By: John Locke Foundation
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Governor Pat McCrory announced today North Carolina has paid off the unemployment insurance debt owed to the federal government. That debt was as high as $2.8 billion and stood at $2.5 billion when Governor McCrory took office in January 2013.
Published: Wednesday, May 6th, 2015 @ 9:08 pm
By: Chris Downey
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When Governor McCrory Was Elected: North Carolina had an unemployment rate of 8.8%, the 5th highest in the nation...
Published: Thursday, February 5th, 2015 @ 9:39 pm
By: Chris Downey
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The unemployment insurance debt owed to the federal government by North Carolina has dropped by nearly $2 billion under the reforms implemented by Governor Pat McCrory.
Published: Tuesday, August 19th, 2014 @ 6:19 pm
By: Christopher Maye
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Governor Pat McCrory announced today that North Carolina’s unemployment insurance debt to the federal government has dropped from more than $2.5 billion to $980 million during the past 18 months.
Published: Tuesday, June 17th, 2014 @ 10:48 pm
By: Christopher Maye
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At a news conference at a Raleigh NCWorks office today, Governor Pat McCrory praised the drastic reduction of North Carolina’s unemployment insurance debt to the federal government, which dropped by approximately $1.5 billion since January 2013, when the obligation stood at $2.6 billion. The govern
Published: Sunday, May 18th, 2014 @ 6:32 pm
By: Christopher Maye
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There is an old saying, “A real leader faces the music, even when he doesn’t like the tune.” After years of mismanagement, our state’s economy is weighed down by $2.5 billion owed to Washington for our unemployment insurance debt.
Published: Thursday, August 29th, 2013 @ 10:50 pm
By: Thom Goolsby
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Contrary to recent media reports, North Carolina has taken out federal loans to operate its underfunded unemployment insurance system, and it is the state's obligation to see that $2.5 billion debt is repaid, said Dale Folwell, state assistant secretary of employment security.
Published: Wednesday, July 10th, 2013 @ 2:59 pm
By: John Locke Foundation
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Today, Governor Pat McCrory signed House Bill 4, the first step towards paying off North Carolina's $2.5 billion debt to the federal government and reforming North Carolina's unemployment insurance system.
Published: Thursday, February 21st, 2013 @ 6:41 pm
By: Stan Deatherage
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HB 4 passed the N. C. House Monday (2-5-13) night. The bill is entitled Unemployment Insurance Fund Solvency & Program Changes.
Published: Friday, February 8th, 2013 @ 9:34 am
By: Stan Deatherage
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As the new General Assembly gets under way, there are lots of issues to be considered. Repaying the unemployment insurance debt owed to the federal government...
Published: Tuesday, February 5th, 2013 @ 7:11 pm
By: John Locke Foundation
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North Carolina policymakers will have a lot on their plate in 2013. The General Assembly will tackle tax reform, education, the unemployment-insurance debt, and other pressing issues.
Published: Monday, January 7th, 2013 @ 3:55 pm
By: John Locke Foundation
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