Sad Day for NM: Bill to Help Small Biz Killed
HB 482 A Bill to Reduce Some Unemployment Benefits was Killed Monday Night. This bill was a wise policy initiative that would have provided better balance in the handling of Unemployment Insurance (UI) benefits. The bill did not change the employer rate structure, but it would have helped improve the Unemployment Trust Fund adequacy at a faster rate, bringing relief to employers’ rates sooner than they would have otherwise seen.