California unemployment fund is broke — and getting “broker” every day

Richard Rider, Chairman, San Diego Tax Fighters Undesignated Leave a Comment

California is broke. We all know that. But one component that deserves at least passing notice is the state unemployment fund. Surprise! It’s broke. So broke that it’s borrowed federal funds to keep paying people not to work. Now CA has to charge CA employers a payroll surcharge to pay the money back. It’s not a huge tax per employee, …