CHARLESTON, W.Va. (AP) - West Virginia may keep its jobless benefits fund from going broke with a $20 million state loan.
Acting Gov. Earl Ray Tomblin proposed lending the money from the state's so-called rainy day fund during Wednesday's State of the State address.
Program officials warn that the fund could briefly go broke by April. Insolvency would force West Virginia to borrow federal funds to keep benefits flowing to the unemployed.
Thirty states now owe $41 billion plus interest in federal loans. They include four of West Virginia's five neighbors.
Unemployment compensation officials say the state money could help the fund remain afloat until projected revenues increase its balance. A state loan would also help avoid further hikes to the tax employers pay into the fund.