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by J.D. Davidson, The Center Square  | July 01, 2021 08:00 PM Print this article Ohio Gov. Mike DeWine has signed a bill that allows the state to use federal taxpayer money to pay back a federal loan also funded by taxpayers. DeWine signed House Bill 168, which allocates more than $2 billion in federal COVID-19 relief money to several areas, including repaying a $1.5 billion loan the state used to shore up Ohio’s Unemployment Insurance Trust Fund. That, according to Lt. Gov. Jon Husted, should help businesses avoid large increases in unemployment payroll taxes. “When COVID-19 came to our state, unemployment hit a record high, which in turn drained our unemployment trust fund,” Husted said. “Governor DeWine’s signature on this bill removes the heavy burden on businesses to repay that loan so they can spend their hard-earned dollars on other priorities, such as hiring more employees and making updates to their facilities.”

United statesMike dewineJon hustedRainy day fundOhio department of mental healthOhio unemployment insurance trust fundAddiction servicesHouse billUnemployment insurance trustOhio departmentMental healthAmerican rescueஒன்றுபட்டது மாநிலங்களில்ஜான் ஹஸ்டட்மழை நாள் நிதிஓஹியோ துறை ஆஃப் மன ஆரோக்கியம்