Tuesday, March 17, 2009
California Legislature shoots down extra unemployment funds from the federal stimulus
According to the LA Times the California legislature has rejected a bill to accept $2.5 Billion of Obama federal stimulus money that would extend unemployment insurance benefits jobless Californians.
California has an unemployment rate that surpasses 10%, and the bill would have provided an additional 20 weeks of unemployment insurance payouts to the jobless---Helping an estimated 260,000 Californians.
(Don't feel too bad, according to the article people already get 59 weeks of unemployment compensation in the state.