128th MAINE LEGISLATURE
LD 778 LR 858(02)
An Act To Eliminate the Indexing of the Minimum Wage to Inflation
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
             
Fiscal Note
Future biennium savings - General Fund
Fiscal Detail and Notes
Eliminating the requirement that the minimum hourly wage in effect on January 1, 2021 and each January 1st thereafter be increased 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 can not be estimated at this time.