| Last Updated: | 2/23/2010 |
| Budget Issue: | The Governor proposes to borrow $500 million from the Unemployment Compensation Disability Fund to provide training grants and incentive payments to employers as part of his Jobs Package. |
| Program: | Employment Development Department |
| Finding or Recommendation: | Reject the proposal because (1) most of the funding will result in a windfall to businesses that are planning to expand on the natural, (2) over $1 billion in funds for training are already available in the workforce development system, and (3) proposal creates additional borrowing that must be repaid by businesses. |
We submitted a handout at the February 3, 2010 hearing of the Senate Budget and Fiscal Review Committee that briefly summarizes the Governor's Employment Training Initiative.