128th MAINE LEGISLATURE
		LD 1757		LR 2642(02)
	An Act To Protect Maine's Economy by Slowing the Rate at Which the State's Minimum Wage Will Increase and Establishing a Training and Youth Wage
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Labor, Commerce, Research and Economic Development
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium savings - All funds
Fiscal Detail and Notes
	Current law requires the $10.00 per hour minimum wage to increase to $11.00 per hour on January 1, 2019, to $12.00 per hour on January 1, 2020 and by the CPI annually beginning on January 1, 2021. This bill freezes the minimum wage at $10.00 per hour until January 1, 2020, when it would increase by $.50 annually until it reaches $12.00 per hour on January 1, 2023. Beginning on January 1, 2024 it would increase annually by the CPI. This slowing of minimum wage increases may result in savings to the State and municipalities beginning in fiscal year 2018-19, depending on the wages that would be paid without these proposed changes.
	Additional costs to the Bureau of Labor Standards within the Department of Labor to implement the requirements of this legislation can be absorbed within existing budgeted resources.