Bright & Early: Well Runs Dry Edition

Good morning, Nashville. Lest we start thinking that our 10.5% unemployment rate comes without a price, Governor Phil told state lawmakers yesterday that another hike in unemployment tax is just around the corner. The first increase was enacted earlier this year to help ensure that the state’s unemployment fund wouldn’t run dry and unemployed Tennesseans wouldn’t be left without that safety net. Now it’s looking like that wasn’t quite enough. Hopefully the second time’s the charm.