131st MAINE LEGISLATURE
		LD 998		LR 602(01)
	An Act to Remove the Cost-of-living Adjustment from the Minimum Wage Laws
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Foster of Dexter
	Committee: Labor and Housing
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium savings - All Funds Potential current biennium savings - local units of government
Fiscal Detail and Notes
	Keeping the minimum hourly wage at its current rate of $13.80 per hour and eliminating the requirement that the minimum hourly wage be increased each year on January 1st by the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W, for the Northeast Region, or its successor index, will result in future savings to State Government as well as municipalities and other public and private employers. The amount of savings will depend on the number of State employees being paid the minimum hourly wage as of January 1, 2024 and cannot be estimated at this time.