Georgia will soon start paying back the hundreds of millions of dollars it owes the federal government for unemployment insurance. Come October 1st, $21 million in interest is due. The state is coming up with ways to pay back the principal balance, but the labor commissioner says the whole system needs an overhaul.
Unemployment in Georgia continues above the national average. That meant the State had to borrow money from the federal government to help pay benefits. The debt is rising and the state will soon have to pay interest.