Skip to main content
Find a Lawyer

Wisconsin Statutes Organization of State Government (Ch. 13 to 22) § 16.48. Unemployment reserve financial statement

Current as of January 01, 2022 | Updated by FindLaw Staff

(1) No later than May 31 of each even-numbered year, the secretary of workforce development shall prepare and furnish to the governor, the speaker of the assembly, the minority leader of the assembly, the majority and minority leaders of the senate, and the council on unemployment insurance, a statement of unemployment insurance financial outlook, which shall contain all of the following, together with the secretary's recommendations and an explanation for such recommendations:

(am) Projections of unemployment insurance operations under current law through at least the 2nd year following the close of the biennium, including benefit payments, tax collections, borrowing or debt repayments and amounts of interest charges, if any.

(bm) Specific proposed changes, if any, in the laws relating to unemployment insurance financing, benefits, and administration.

(c) Projections specified in par. (am) under the proposed laws.

(d) The economic and public policy assumptions upon which the projections are based, and the impact upon the projections of variations from those assumptions.

(e) If significant cash reserves in the unemployment reserve fund are projected throughout the forecast period, a statement giving the reasons why the reserves should be retained in the fund.

(f) If unemployment insurance program debt is projected at the end of the forecast period, the methods proposed to liquidate the debt.

(3) Biennially, no later than January 31 of each even-numbered year, the secretary of workforce developmentshall submit to the governor, the speaker of the assembly, the minority leader of the assembly, the majority and minority leaders of the senate, and the council on unemployment insurance the statement of unemployment insurance financial outlook prepared under sub. (1), together with a report that summarizes the deliberations of the council and the position of the council regarding any proposed change to the unemployment insurance laws submitted under sub. (1).

(4) The department shall post the most recent version of the statement prepared under sub. (1) and the most recent version of the report prepared under sub. (3) on the department's Internet site.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Wisconsin Statutes Organization of State Government (Ch. 13 to 22) § 16.48. Unemployment reserve financial statement - last updated January 01, 2022 | https://codes.findlaw.com/wi/organization-of-state-government-ch-13-to-22/wi-st-16-48/

Read this complete Wisconsin Statutes Organization of State Government (Ch. 13 to 22) § 16.48. Unemployment reserve financial statement on Westlaw. Westlaw subscription required.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Wisconsin Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard