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127th MAINE LEGISLATURE |
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LD 674 |
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LR 1301(02) |
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An Act To Support
Maine's Working Families |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$16,500 |
$16,500 |
$16,500 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$16,500 |
$16,500 |
$16,500 |
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Fiscal Detail
and Notes |
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This bill
includes ongoing General Fund appropriations of $16,500 per year to the
Bureau of Labor Standards within the Maine Department of Labor beginning in
fiscal year 2016-17 and continuing until the minimum wage reaches $10.00 per
hour in January of 2020. Of this
annual amount, $3,500 per year is for updating the minimum wage poster and
other related publications, $5,000 is for postage costs to distribute the
updated poster and publications and $8,000 is for travel costs associated
with compliance, education and outreach. |
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The 4-step
increase in the minimum wage may not increase salary costs to the State until
the $10.00 per hour rate begins on January 1, 2020. The future State
Government impact of the changes to the minimum wage will depend on the
salary schedules in place at the time the increases occur and cannot be
estimated at this time. |
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The increased
wages required by this initiative would create costs to municipalites which
would vary by individual municipality. As with State Government, the
municipal impact would depend on the existing rates of pay for the lowest
paid employees in each municipality at the time a higher wage would be
imposed and cannot be estimated at this time. |
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