Montana Gov. Steve Bullock Wednesday announced he will funnel $200 million of federal coronavirus relief funds to the state's Unemployment Insurance Trust Fund.
Bullock said on a weekly press call more than 100,000 Montanans have received unemployment benefits since the start of the pandemic. That’s led to a more than $160 million drop in the state’s Unemployment Insurance Trust Fund, which is supported by a tax paid by Montana businesses.
The amount those businesses pay each year largely depends on the fund’s balance in the fall.