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SPONSOR: |
Park |
DATE TYPED: |
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HB |
38/aSPAC |
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SHORT TITLE: |
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SB |
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ANALYST: |
Collard |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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See Narrative |
See
Narrative |
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(Parenthesis
( ) Indicate Expenditure Decreases
House Bill 38
Responses
Received From
Economic
Development Department
New
Mexico Labor Department
SUMMARY
Synopsis
of SPAC Amendments
The Senate Public Affairs Committee amendments
restore the $2.125 minimum wage amount paid to hourly employees who receive
more than $30.00 per month in tips and strike the $2.575 in the bill.
Synopsis
of Original Bill
House Bill 38 amends
Section 51-4-22 NMSA 1978 to increase the
Significant
Issues
FISCAL IMPLICATIONS
The Economic
Development Department indicates the fiscal implication falls on the businesses
owners in the state. They would be required
to raise wages from $4.25 to $5.15 per hour.
OTHER SUBSTANTIVE ISSUES
The Economic
Development Department states the business owner will carry the financial burden
to implement the new wage levels. This
bill is important for the welfare of the citizens of the state to raise the
earnings per capita level consistent with the national levels.