|
|
Article: Unemployment rate-cut plan hit Fears rise Cellucci proposal doesn't save enough for rainy day
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- February 13, 1999
- Author:
CopyrightCopyright 1999 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
|
It's boom time now in Massachusetts, but how much should the state
set aside in case another recession strikes?
That's the underlying question posed by Governor Paul Cellucci's
plan to dramatically revise the state's unemployment insurance
program.
Cellucci, who yesterday unveiled his plan to slash unemployment
insurance rates, believes that having enough money to pay roughly a
year's worth of unemployment benefits is sufficient.
But others -- including Senate President Thomas Birmingham, labor
unions, and a special congressional commission created to study the
question -- suggest the state's unemployment insurance trust fund
should have money to pay benefits for 18 to 24 months.
Cellucci ...