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SB743: Increasing Minimum Wage

Impact on Libraries

This bill proposes the minimum wage increase to be as follows:
(9) Eleven dollars ($11) an hour beginning January 1, 2024.
(10) Thirteen dollars ($13) an hour beginning January 1, 2025.
(11) Fifteen dollars ($15) an hour beginning January 1, 2026, adjusted for inflation in subsequent fiscal years by an amount not to exceed an annual cost-of-living adjustment calculated by the secretary by applying any upward percentage change in the Consumer Price Index , or an upward percentage increase of three percent, whichever is less, i mmediately prior to the date the adjustment is due to take effect.

Sponsorship Memoranda

Actions

  • Referred to Senate Labor & Industry Committee May 31, 2023