Unemployment And Disability Insurance

UNEMPLOYMENT AND DISABILITY INSURANCE. INITIATIVE CONSTITUTIONAL AMENDMENT. Eliminates state unemployment insurance and disability insurance taxes. Prohibits state from establishing any type of unemployment payments, levying any tax to finance unemployment or disability payments based on past employment, or operating any type of employment agency. Requires each employer to give each employee a one-time salary increase equal to amound employer would have paid into State Unemployment Insurance fund. Financial impact: Substantial but undeterminable effect on both state and local government. Would probably result in net increase in state costs, but net fiscal effect on local governments impossible to predict