Businesses will have to start paying an average annual increase in payroll taxes of about $130-per-employee to cover for jobless benefits, according to a report on NorthJersey.com. The change, which is expected to help cover a $1 billion shortfall in the unemployment insurance fund, comes after N.J. lawmakers backed Governor Chris Christie’s conditional veto of the budget bill, the report...
Businesses will have to start paying an average annual increase in payroll taxes of about $130-per-employee to cover for jobless benefits, according to a report on NorthJersey.com.
The change, which is expected to help cover a $1 billion shortfall in the unemployment insurance fund, comes after N.J. lawmakers backed Governor Chris Christie’s conditional veto of the budget bill, the report said. The bill was passed early Tuesday morning after a marathon session in the Statehouse.
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