| 122nd MAINE LEGISLATURE | |||||||||
| LD 235 | LR 0714(25) | ||||||||
| An Act to Increase the Minimum Wage | |||||||||
| Fiscal Note for House Amendment " " to Committee Amendment " " | |||||||||
| Sponsor: Rep. Eder | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined future biennium cost increase - All Funds | |||||||||
| Fiscal Detail and Notes | |||||||||
| The minimum wage increases in October of 2006 and October of 2007 would have no impact on State employees. However, requiring that the minimum hourly wage be adjusted on October 1, 2008 and every October 1 thereafter by any positive percent change in the Consumer Price Index will result in a future cost to the State as an employer. The amount and timing of the impact can not be determined and will depend on when the increase in the minimum wage results in it surpassing the lowest hourly wage rate paid to state employees. | |||||||||
| Additional costs to the Department of Labor associated with adjusting the minimum hourly wage can be absorbed within existing budgeted resources. | |||||||||