Fiscal Note
HB0114 - Minimum Wage Provisions
State Impact:
Enactment of this bill will require additional appropriations of at least $16,000 from the General Fund and $79,300 from the Education Fund for FY 2009. Additional funds may be required for wages and benefits for higher education employees. Federal Minimum Wage laws already require $7.25 per hour minimum beginning in FY 2010.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund, One-Time | $0 | $16,000 | $0 | $0 | $0 | $0 |
| Education Fund, One-Time | $0 | $79,300 | $0 | $0 | $0 | $0 |
| Total | $0 | $95,300 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill may affect local governments and businesses due to increased wages that they are required to pay to employees. Individuals may benefit from an increase in salary.
| 1/17/2008, 11:34:17 AM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |