TALLAHASSE, Fla. (AP) - Florida's businesses will be paying higher unemployment taxes next year.
Preliminary figures released on Thursday show that the minimum tax rate for employers in 2012 is expected to jump from $72.10 per employee to $170 per employee. The maximum rate is also expected to rise from $378 to $459 per employee.
The Department of Revenue will mail out final tax notices for 2012 early next month.
Unemployment taxes collected from employers are used to pay benefits to out-of-work Floridians. But the trust fund used to pay out those benefits has been drained by the state's stubbornly-high unemployment rate. Florida's unemployment rate is now 10.6 percent.
Since 2009 the state has been forced to borrow $2.4 billion from the federal government to keep the trust fund solvent.
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