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1.1 Billion Stimulus Dollars in Jeopardy

March 26th, 2009 by flanews

Floridas jobless could miss out on a billion federal stimulus dollars, unless the state legislature takes action.

In order to receive the money lawmakers will have to weaken unemployment screening requirements and extend the eligibility period. Changing the requirements would cost the state an estimated 70 million dollars and when the stimulus money runs out the state could be left holding the bill. Governor Charlie Crist is encouraging lawmakers to find a cheaper way to get the money.

Theyre concerned that in the out years they would be stuck with having to continue and therefore impose an impediment on small businesses. Im sympathetic to that. Theyre lawmakers though. Maybe they cold come up with a law that would say well take the stimulus for the unemployment percentage for X amount of years and not have to continue and keep the rates down, said Crist.

If lawmakers make the changes unemployment benefits would be extended an additional 20 weeks. House Democrats sent a letter to the Speaker of the House urging him to make the changes.

Posted in Charlie Crist, Economy, State News, Unemployment | No Comments »

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