Summary of LAO Findings and Recommendations on the 2010-11 Budget

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 Go Back  Employment Development Department The Governor proposes to borrow $500 million from the Unemployment Compensation Disability Fund to provide training grants and incentive payments to employers as part of his Jobs Package. Reject the proposal because (1) most of the funding will result in a windfall to businesses that are planning to expand on the natural, (2) over $1 billion in funds for training are already available in the workforce development system, and (3) proposal creates additional borrowing that must be repaid by businesses. 2-23-10

Detailed Narrative

We submitted a handout at the February 3, 2010 hearing of the Senate Budget and Fiscal Review Committee that briefly summarizes the Governor's Employment Training Initiative.