The bill also includes eligibility tweaks that will save the state millions in unemployment benefits by limiting access to around 50,000 workers.
Corbett described the debt payoff as an economic stimulus, since businesses have paid extra taxes to cover the debt and associated interest. Now, Corbett said, they can put those funds toward hiring people.
The governor also lauded the bill for the cost savings associated with the new eligibility requirements, saying the state will save $276 million annually while making sure the system is supporting those workers who “are fully participating in the workforce.”
Pennsylvania Independent is a public interest journalism project dedicated to promoting open, transparent, and accountable state government by reporting on the activities of agencies, bureaucracies, and politicians in the Commonwealth of Pennsylvania.
225 State Street, Suite 300 | Harrisburg, PA 17101 | Phone 717.350.0963 | Email tips@PAindependent.com