Good Economy, Business Climate, Lowers Wisconsin Employers’ UI Taxes $45 Million for 2019

Governor Scott Walker announced today that the Department of Workforce Development’s (DWD) latest estimates show that Wisconsin employers who are covered by the state’s Unemployment Insurance (UI) program are estimated to experience a reduction of $45 million in UI taxes for tax year 2019 when compared to tax year 2018.

This brings the total UI tax savings for covered employers to $744 million since 2013. The savings have been achieved through a combination of tax schedule changes and better experience ratings for employers due to the strong Wisconsin economy.

In addition to the estimated $744 million reduction in UI taxes paid by employers, the UI Trust Fund achieved a balance of $1.7 billion in July of 2018, its largest positive balance since July 2001.