The governor opted not to take millions in unemployment compensation funding on Thursday.
Wired PR News – Texas Governor Rick Perry officially turned down federal stimulus funds that would have gone to benefit unemployed individuals throughout the state on Thursday. As reported by the Associated Press (AP), the governor rejected $555 million due to requirements for modifying the definition of unemployment in the state of Texas and making benefits available to a broader range of people.
Perry, who has long opposed President Barack Obama’s plan, is quoted in the AP report as stating of his decision, “During these tough times, Texas employers are working harder than ever to move products to market, make payroll and create jobs… The last thing they need is government burdening them with higher taxes and expanded obligations.”
As noted by the AP, the Chairman of the Texas Workforce Commission previously warned that the trust fund for unemployment benefits in the state may be headed towards insolvency.