Governor Greg Abbott, Lieutenant Governor Dan Patrick, Speaker Dade Phelan, Senate Finance Committee Chair Joan Huffman, and House Appropriations Chair Dr. Greg Bonnen pledged to allocate funding to stabilize minimum unemployment insurance rates for businesses across the state during the 2025 legislative session. Due to higher wages and an evolving job market in Texas, the Unemployment Insurance Trust Fund managed by the Texas Workforce Commission (TWC) is projected to need additional funding next year.
Governor Abbott, Lieutenant Governor Patrick, Speaker Phelan, Senator Huffman, and Representative Bonnen will allocate state funding in the next legislative session to keep these rates stable for businesses. With this allocation, TWC will not need to raise the minimum unemployment insurance fee paid by all businesses and instead keep it flat.
The full news release can be found here.
