O'Malley proposes plan to reduce interest, use federal stimulus
By ELISHA SAUERS, Staff Writer
By ELISHA SAUERS, Staff Writer
Capital Gazette Communications
Published
12/18/09
Faced with an unemployment insurance fund that could go bankrupt because of the recession, Gov. Martin O'Malley's administration on Thursrday proposed tapping into federal funds in a move that also could require businesses to pay substantially more per employee.
The governor's plan is to pursue a bill to seek $126.8 million in federal stimulus money to stave off bankruptcy and reduce employers' financial obligation by $83 million.
But, judging from the reaction of the business community, the move is shaping up to be one of the most contentious issues of the legislative session that starts next month.
The...
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