132nd MAINE LEGISLATURE
		LD 206		LR 436(01)
	An Act to Protect Maine Businesses by Eliminating the Automatic Cost-of-living Adjustment to the Minimum Hourly Wage
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Timberlake of Androscoggin
	Committee: Labor
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium savings - All Funds Potential current biennium savings - local units of government Minor cost increase - General Fund
Fiscal Detail and Notes
	Keeping the minimum hourly wage at its current rate of $14.65 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, 2026 and cannot be estimated at this time. Any additional administrative costs to the Bureau of Revenue Services within the Department of Administrative and Financial Services from the provisions of this bill are expected to be minor and can be absorbed within existing budgeted resources.