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Op-Ed: California Has a $20 Billion Problem and No Clear Way to Solve It

Op-Ed: California Has a $20 Billion Problem and No Clear Way to Solve It

In its May 2023 forecast, the Employment Development Department said that California’s unemployment insurance fund debt would grow to $19.7 billion by the end of the year. Much of that debt was accumulated during the pandemic when millions of people lost their jobs and the state had to borrow money from the federal government to pay out unemployment benefits,” Raderman writes. 

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