Skip to content

NFIB Cheers Gov. Lamont’s Announcement of UI Trust Fund Pandemic Debt Retirement

NFIB Cheers Gov. Lamont’s Announcement of UI Trust Fund Pandemic Debt Retirement

November 8, 2023

NFIB Cheers Gov. Lamont's Announcement of UI Trust Fund Pandemic Debt Retirement

FOR IMMEDIATE RELEASE HARTFORD, CT (November 8, 2023) The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy group, released the following statement by State Director Andy Markowski in response to the announcement by Gov. Ned Lamont today that the state has repaid the $1.2 billion Trust Fund loan that was used to cover nearly $11 billion in pandemic unemployment payments: “Gov. Lamont’s announcement today is welcome news for Connecticut’s small businesses,” said Andy Markowski, NFIB State Director in Connecticut. “NFIB advocated strongly for this use of federal pandemic relief funds, as most states have done, and we appreciate Gov. Lamont’s leadership and the legislature in making this a priority. This is good news for employers, demonstrates fiscal prudence, and puts the Trust Fund balance into a good place to prevent future burdens on employers. Retiring the Trust Fund’s pandemic debt ensures that Main Street businesses across Connecticut will not be saddled with an increase in the federal unemployment taxes they pay starting next January 1st, and this helps small business owners to do what they do best – help keep Connecticut’s economy running.”

###

For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

February 4, 2025
New England Energy Rates & Your Small Business
This exclusive event gave NFIB members the chance to ask questions and get…
Read More
February 3, 2025
Vermont Capitol Update
In his budget address and other public comments, Governor Phil Scott called…
Read More
February 3, 2025
NY Capitol Update: 2025 Executive Budget Proposal
The state has estimated budget gaps of $6.5 billion in 2027, $9.8 billion i…
Read More
January 31, 2025
Gov. Stein Announces $30 Million Grant Program For Small Busine…
Impacted businesses lost $18 billion in revenue because of the hurricane.
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility