{Frankfort, Kentucky}...The House voted 97-0 approving a bill that would let the state borrow money to pay interest on money it borrowed to provide unemployment insurance to Kentuckians. During the recession, the state borrowed $948.7 million from the federal government so it could continue to pay unemployment benefits. Businesses argue that if the state doesn't come up with a way to make sure interest payments are made, the federal government would raise its unemployment insurance tax on employers from $63 to to $420 per employee next year. The bill would allow Kentucky Employers' Mutual Insurance to purchase a $79 million revenue bond to pay the 2011-2013 interest payments.
