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129th MAINE LEGISLATURE |
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LD 425 |
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LR 1761(01) |
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An Act To
Strengthen Small Businesses in Rural Maine by Changing the Minimum Wage |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. White of Washburn |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Potential current biennium savings - All funds |
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| Fiscal Detail
and Notes |
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Current law
requires the $11.00 per hour minimum wage to increase to $12.00 per hour on
January 1, 2020 and by the CPI annually beginning on January 1, 2021. This
bill repeals those provisions and lowers the minimum wage to $10.00 per hour. This reduction in the minimum wage and
elimination of the annual cost-of-living increases may result in savings to
the State and municipalities beginning in fiscal year 2019-20, depending on
the wages currently in place and decisions on future wages when increases are
no longer required by law. |
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