131st MAINE LEGISLATURE
		LD 1376		LR 2201(02)
	An Act to Create a Livable Wage by Increasing the Minimum Hourly Wage
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Labor and Housing
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium cost increase - local units of government
Fiscal Detail and Notes
	This legislation increases the minimum hourly wage from $13.80 per hour to $15.00 per hour effective January 1, 2024. The provision in current law that requires the minimum wage to be increased annually by a cost-of-living adjustment remains in place. Increasing the minimum wage to $15.00 per hour is not expected to have a fiscal impact on State Government as salary schedules currently in place indicate the lowest hourly rate for state employees is at $15.00 per hour.
	The increased wages may increase costs to municipalities depending 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 determined at this time.