AN ACT CONCERNING THE PREVAILING WAGE THRESHOLD FOR RENOVATIONS.

SB 357 increases the cost threshold for requiring prevailing wages on public building renovations from $100,000 to $250,000. It requires this threshold to adjust annually for inflation, meaning the dollar amount will rise each year based on inflation rates. This bill directly affects public works projects like school or government building renovations that exceed $250,000 in total cost. The change reduces the number of smaller renovation projects subject to prevailing wage rules.