Nevada's Troubled Trust Fund
Nevada started the recession with a year's worth of reserves, but a sky-high unemployment rate quickly eroded them, and the state's trust fund was insolvent by October 2009. Nevertheless, the state decided not to increase taxes for 2010.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
|Bankrupt and Borrowing: Nevada's unemployment fund is currently bankrupt and Nevada is borrowing from the federal government.|
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|Borrowed Amount||Unemployment Rate (November)||Net Income (December)||Avg. Weekly Benefit||% of Unemployed
|National: 9%||Rank: 31 of 51||Rank: 15 of 51||Rank: 23 of 51|
Unemployment Reserves (millions)
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Sources: Google Public Data, Department of Labor, Treasury Department.