LD 425 LR 1761(01)
An Act To Strengthen Small Businesses in Rural Maine by Changing the Minimum Wage
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. White of Washburn
Committee: Labor and Housing
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium savings - All funds
Fiscal Detail and Notes
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.