GOVERNOR J-B PRITZKER HAS SIGNED LEGISLATION TACKLING A LOAN TO THE STATE'S UNEMPLOYMENT TRUST FUND INTO LAW. 

THE FUND THAT PAYS OUT UNEMPLOYMENT BENEFITS WAS DEPLETED DURING THE PANDEMIC AS MANY PEOPLE LOST THEIR JOBS. THE STATE HAD TO TAKE OUT A FEDERAL LOAN TO SHORE UP THE FUND AND THIS LAW PAYS THAT MONEY BACK AND ENSURES BENEFITS WILL BE AVAILABLE WHEN NEEDED. THE GOVERNOR ANNOUNCED THE ONE POINT EIGHT BILLION DOLLAR BIPARTISAN DEAL LAST WEEK.

THE ONE POINT EIGHT BILLION DOLLAR DEAL WILL PAY OFF A FEDERAL LOAN THE STATE HAD TO TAKE OUT WHEN SO MANY PEOPLE WERE CLAIMING UNEMPLOYMENT BENEFITS DURING THE PANDEMIC, AND SETS THE FUND ON A PATH TO FISCAL STABILITY SAID THE GOVERNOR.

GOVERNOR PRITZKER SAYS THIS WILL SAVE TAXPAYERS NEARLY 20 MILLION DOLLARS IN INTEREST PAYMENTS DUE IN SEPTEMBER OF 2023.