Fiscal Note - State of Utah - 2014 General Session
HB0073 - Living Wage Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase the cost of wages and benefits paid to state, higher and public education employees by between $2 million and $3million in FY 2014; and by between $20 million and $25 million per year beginning FY 2015.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| General Fund | $20,000 | $150,000 | $150,000 |
| Education Fund | $2,300,000 | $20,000,000 | $20,000,000 |
| Transportation Fund | $1,000 | $10,000 | $10,000 |
| Federal Funds | $1,000 | $10,000 | $10,000 |
| Dedicated Credits | $3,000 | $25,000 | $25,000 |
| Restricted Funds | $10,000 | $100,000 | $100,000 |
| Proprietary Funds | $35,000 | $300,000 | $300,000 |
| Transfers | $3,000 | $25,000 | $25,000 |
| Total Expenditure | $2,373,000 | $20,620,000 | $20,620,000 |
| Net Impact, All Funds (Rev.-Exp.) | ($2,373,000) | ($20,620,000) | ($20,620,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | ($2,320,000) | ($20,150,000) | ($20,150,000) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could cost county government between $6 million and $10 million per year.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill could increase the income of approximately 237,000 Utah workers by about $943 million beginning FY 2015. Businesses could see labor costs increase by this same amount. The average increase for approximately 74,000 full-time workers could be about $6,240 per year each. The average increase for approximately 147,000 part-time workers could be about $3,120 per year each. 5,200 full-time workers in the food preparation or serving occupations could see an annual increase of about $2,088 per year each. 10,400 part-time workers in the food preparation or serving occupations could see an annual increase of about $1,044 per year each.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/1/2014, 5:30:39 PM, Lead Analyst: King, Z./Attny: CRG | Office of the Legislative Fiscal Analyst |