Hoosier businesses will be hit with a new tax increase later this month.

The Federal Unemployment tax starts this month.   

Indiana borrows money from the federal government in order to continue paying unemployment claims.   

The problem is, the state has borrowed too much money.

And now the government wants it back.

Business will have to pay more money per an employee.

And that money needs to equal more than a billion in debt.   

Until the state complies with a repayment plan on that debt, each employer's taxes increases by $63 per employee, per year, until the debt is fully paid back.   

Without the states help, worker taxes could go up to $84 per person.