The State of Michigan must raise taxes on employers in the state to keep its unemployment fund solvent.

According to the Detroit Free Press:

IOU raises jobless taxes for 40,000 employers

By CHRIS CHRISTOFF
FREE PRESS LANSING BUREAU CHIEF

Hard economic times have caught up to Michigan’s unemployment insurance fund in a big way.

About 40,000 Michigan employers will pay an extra $67.50 per employee in January to help pay off a $472.8-million shortfall in the state unemployment benefits fund.

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