AN ACT CONCERNING PREVAILING WAGE THRESHOLDS.

HB 5288 raises the cost threshold for public works projects requiring prevailing wages from $100,000 to $500,000. This change affects contractors working on public construction or renovation projects (like schools, roads, or government buildings) that exceed this new threshold. The bill also requires the threshold to be adjusted annually based on inflation to maintain its real value over time. The law directly impacts project costs for state and local government construction contracts, ensuring prevailing wage requirements apply to a broader range of projects as prices rise.