AN ACT ADJUSTING THE ANNUAL INCREASE TO THE MINIMUM WAGE.
HB 5703 adjusts how the state's minimum wage increases each year. It changes the calculation method so the annual increase will be the lower of either 10 cents per hour or the percentage change in the employment cost index (a measure of workplace compensation costs). This directly affects workers earning the state's minimum wage by determining how much their pay rises annually. The bill replaces the previous fixed increase formula with this new, cost-based adjustment mechanism.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025
Last action Jan 21, 2025
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 21, 2025
Committee
REF. TO JOINT COMM. ON Labor and Public Employees
lower
8 primary · 0 co-sponsors
Sponsors
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