Lower Tax Rate Schedule for 2017 Rates

Good News for Wisconsin's Employers

For the second consecutive year, employers covered under Wisconsin's Unemployment Insurance (UI) program will collectively experience a tax decrease. After the estimated $97 million decrease for the 2016 tax year, employers will experience another decrease of roughly $38 million for the 2017 tax year collectively.

The UI Trust Fund balance exceeded the $900 million threshold needed to trigger a lower UI tax rate schedule for 2017. The UI Reserve Fund balance was $980 million on June 30, 2016, the statutory date for measuring the balance used to determine the required tax rate schedule for the following year. The lower tax rate schedule is expected to reduce the total tax burden on covered UI employers by an estimated $38 million for 2017.

From 2009 to 2015, Wisconsin employers covered by the state's UI program had been paying UI taxes based upon the highest UI tax schedule set forth under state law, due to Trust Fund borrowing during the Great Recession and its aftermath. 

Unemployment tax rates are based on individual employer's history (experience). Employers will receive their Wisconsin's UI Tax Rate notices in October with their individual 2017 rates. For information on how Unemployment Insurance is financed visit: http://dwd.wisconsin.gov/uitax/financing.

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