New Mexico Introduces Unemployment Legislation
New Mexico’s legislature, in their current special session has introduced
three bills focused on keeping the unemployment trust fund solvent. HB31 backed
by republican governor Susanna Marrtinez keeps the rate schedule at the current one
(Schedule 1) for 2012 and 2013 and appropriates $65 million dollars each year from
the state’s general fund to the unemployment fund. The other two bills backed
by democrats in the house and senate, propose rate schedule increases. HB19
proposes Schedule 3 for 2012 and SB29 proposes Schedule 2 for 2012 and 2013.
We will be watching the progress of this legislation and will provide updates as they
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