A state official says Texas will likely borrow $1.5 billion from the federal government to pay jobless benefits through December.
It's unclear when state employers will have to pay a higher tax to repay the loan and build a required $863 million cushion in unemployment compensation trust fund.
The agency's chief financial officer, Randy Townsend, indicated the amount would be about $1.5 billion.
The latest news from around North Texas.
The state would not have to pay interest on the federal loans until January 2011.