Less Than Two Months Until Ohio Loses $176 Million for Unemployment Compensation
July 11, 2011
As of July 2011, Ohio has less than two months to take steps to modernize its unemployment compensation system, or it will forfeit $176.3 million in federal funds. The American Recovery and Reinvestment Act set aside $7 billion for states that take steps to bring their unemployment compensation systems into the 21st century. Ohio’s full share of these funds is $265.5 million. So far, we have received $88.2 million – a third of the total – because Ohio counts workers’ most recent earnings when they apply for benefits, a reform we enacted many years ago. Many states never did so before ARRA. However, Ohio has not taken the steps necessary to qualify for the remaining $176.3 million.