Due to the pandemic, Rhode Island’s unemployment insurance trust fund has “decreased significantly,” which will lead to employers having to dip into their coffers to pay more in taxes, according to the R.I. Department of Labor and Training. DLT spokesperson Margaux Fontaine on Friday could not immediately say how much the average increase will be. She said the UI trust fund decreased from $524.2 million in March, when the COVID-19 pandemic began, to $191 million on Dec. 11. See below link for full article.
https://pbn.com/businesses-face-higher-unemployment-taxes-due-to-pandemic/