Solvency Recommendations for Ohio
Publication Date: July 2008
Publisher(s): Tax Policy Center
Author(s): Wayne Vroman
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Economy; State and Local Finance; Tax Policy; State and Local Issues
This report examines the funding of unemployment insurance (UI) in Ohio. It proposes seven recommendations to improve program solvency, both in the short run and in the long run. The two main recommendations to improve short-run solvency are to: 1) implement a substantial increase in the taxable wage base and 2) institute a temporary freeze in weekly benefits, both recommendations to be effective in 2009. Indexation of the taxable wage base is a principal recommendation to improve solvency in the long-run.