So as of December 31, 2020, the trust fund had $1.1 billion in it. We have not had to borrow from the federal government since the pandemic. But to give you a little bit of context, Steve, There are about 20 states that are already borrowing from the federal government, including some of our neighbors, Illinois, Minnesota. and a few others. But right now, we are still, you know, in the black and have 1.1 billion in the fund. Well, just a couple more questions. (23:42–23:51)
CLAIM
Asserts that approximately 20 states, including Illinois and Minnesota, are borrowing federal funds for unemployment.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.