Last week, the state Association of School Business Officials said that a survey of its members finds that increasing the state’s minimum wage to $15 per hour would adversely impact school districts’ finances.
According to the group’s survey, the combined fiscal impact of raising the minimum wage to $15 per hour would be at least $276 million, while affecting 33,422 employees of these public entities. For school districts, the average cost would be $283,463 and result in an average increase in the tax levy of 2.6%.
The group urged the Governor and Legislature to “proceed cautiously and hold hearings around the state to get input from various stakeholders before moving forward with this far reaching proposal.”
We could not have put it better ourselves.