Governor Hochul Announces New York State Pays Off Multi-Billion Dollar UI Trust Fund Debt by Governor Kathy Hochul published on 2025-06-30T15:31:19Z June 30, 2025 - New York, NY - Governor Hochul rallied with the Hotel and Gaming Trades Council, AFL-CIO to announce New York State has paid off the nearly $7 billion federal Unemployment Insurance (UI) Trust Fund loan — a move that will bring the fund to solvency, increase benefits for unemployed New Yorkers and cut costs to businesses. Genre News & Politics