Ark. agency aims to repay unemployment debt by '15

AP News
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Posted: Jan 24, 2012 2:55 PM
Ark. agency aims to repay unemployment debt by '15

Arkansas Workforce Services officials say the state is on track to repay $330 million it owes to the federal government for unemployment benefits within the next three years.

Officials with the Department of Workforce Services said Tuesday the state doesn't plan on requesting any more advances from the federal government this year and expects to make a $30 million payment toward that debt this year.

The agency's top officials told members of the Joint Budget Committee that, barring another recession, it expected to repay the money by 2015.

The department appeared before the committee as lawmakers prepared for the fiscal session that begins Feb. 13.