130th MAINE LEGISLATURE
LD 1279 LR 1398(01)
An Act To Increase the Minimum Wage
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Collings of Portland
Committee: Labor and Housing
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Current biennium cost increase - All Funds
Fiscal Detail and Notes
This bill implements a 4-step increase in the minimum wage which may increase salary costs to the State when the $13.00 per hour rate begins on January 1, 2022.  The impact of the changes to the minimum wage on State Government will depend on the salary schedules in place at the time the increases occur and cannot be estimated at this time.
The increased wages required by this bill would create costs to municipalities 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.
Additional costs to the Bureau of Labor Standards to update the minimum wage poster and other related publications can be absorbed within existing budgeted resources.