Tuesday, October 28, 2008

Lexington Rep. sounds alarm on jobless fund

Rep. Bill Farmer sent a letter to Gov. Steve Beshear last week urging swift action on the state's fast-shrinking unemployment insurance fund.

"Several months ago, I contacted Finance and Administration Cabinet Secretary Jonathan Miller regarding this situation. At that time, I proposed the idea of merging our state's unemployment tax returns with the withholding tax returns as one proposal to aid in healing the quickly ailing unemployment fund."

"By merging these tax returns, not only would the state save untold amounts of money on paper, printing, and postage costs, but the unemployment fund would receive a much needed infusion of funds. Furthermore, the money accrued through this merger would be deposited to the unemployment fund earlier, as opposed to waiting until the beginning of May."

"I trust that you share my level of concern for this escalating crisis."

Rep. Farmer has been a tax consultant for twenty one years.

1 comment:

Anonymous said...

For a non-tax consultant like me, could you explain where the extra money would magically come from to help the unemployment fund?