
New York. Governor Hochul Pays Off $7B Unemployment Insurance Debt, Boosts Worker Benefits and Cuts Business Costs
Governor Kathy Hochul, joined by business and union leaders, announced the successful payoff of New York State’s nearly $7 billion federal Unemployment Insurance Trust Fund debt as part of the FY26 Budget, restoring the fund’s solvency, raising unemployment benefits, and reducing costs for employers. The move increases the maximum weekly benefit for unemployed New Yorkers…