Fiscal Note

SB0034 - Minimum Wage Amendments

State Impact:
While passage of this bill may require increased funding for wages for some state agencies and institutions of Higher Education, no reliable estimate is currently available. Factors such as taxes paid, effects on state financial assistance programs and effects on employment rates should be considered in any detailed study of this issue. Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
Increasing the minimum wage would increase pay to some employees of businesses, local government and local schoold districts. Also it could increase personal services costs for some employers, and potentially increase unemployment rates for less qualified individuals.