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Kathy Hochul: “We went into debt [for the unemployment insurance fund] and…”

Featuring: Kathy Hochul, Democratic | Governor of New York

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Gov. Kathy Hochul Announces Erasure Of $7 Billion Of New York's Federal Unemployment Insurance Debt

Published | Video Starts at 02:53

Many of them never dreamed they'd be waiting in that line. It was a difficult, difficult time for our state. And the challenge is, is that We went into debt [for the unemployment insurance fund] and had to borrow money. And as a result of that, over $7 billion has been on the backs of our business communities to pay that back. (02:53–02:56)

CLAIM

Asserts that the state went into debt and borrowed money for the unemployment insurance fund.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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