Las Vegas NowNV Gov. Recommends Lower Unemployment Taxes
Gov. Jim Gibbons is recommending a state panel lower taxes paid by employers to fund Nevada's unemployment insurance trust account, despite having to borrow about $100 million a month from the federal government to pay benefits.
Gibbons says lowering the unemployment insurance tax would help retain jobs and create new ones.
He is proposing temporarily reducing the average employer assessment from 1.3 percent to 1 percent. Gibbons say the move would save businesses about $70 million next year.
The state Employment Security Advisory Council meets Oct. 6 to consider rates for 2010.
Nevada has already applied to the federal government to borrow up to $264 million for the rest of this year, and up to $1 billion next year, to meet jobless benefit claims.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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