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130th MAINE LEGISLATURE |
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LD 543 |
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LR 988(01) |
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An Act To Provide
That the Minimum Wage Increases by the Cost of Living Every 3 Years |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Bradstreet of Vassalboro |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Potential current biennium savings - All funds |
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| Fiscal Detail
and Notes |
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This bill changes
the annual cost-of-living increase in the minimum hourly wage from once per
year to once every 3 years. This
slowing of minimum wage increases may result in savings to the State and
municipalities beginning in fiscal year 2021-22, depending on the wages that
would be paid without this proposed change. |
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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. |
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