Iowa Gov. Kim Reynolds announced Thursday that the schedule of unemployment insurance rates used to tax Iowa employers will remain at the lowest level allowed by law for the third consecutive year. Iowa law requires Iowa Workforce Development to establish a table each year to determine the impact of unemployment tax rates on eligible employers. The trigger for deciding which unemployment insurance rate table to implement is derived from a formula based primarily on the balance in the Unemployment Insurance Trust Fund, unemployment benefit history and covered wage growth, according to a news release. “Alongside Gov. Reynolds’ leadership, we’ve worked hard to create a sustainable tax environment for Iowa’s employers to help them make clear decisions when building their workforce in today’s economy,” said Beth Townsend, executive director of Iowa Workforce Development, in a prepared statement. “Easing the tax burden and revamping our reemployment process means that we’ve been able to create a more responsive workforce system that also has kept our UI Trust Fund strong.” In 2020 and 2021, Reynolds invested a total of $727 million of Iowa’s pandemic relief funds in the UI Trust Fund.