YOUR COST OF DOING BUSINESS IS GOING UP – AND THEY ARE CALLING IT A ‘GRAND BARGAIN’
Do you know what you need about new legislation that raises the minimum wage and guarantees time off? Get educated. Don't get caught unaware of recent increases in the minimum wage and other mandated employee benefits.
The Chamber's got you covered: Join fellow small business owners to learn about the “Grand Bargain” legislative package and how it will impact your business on Thursday, September 6, 2018 from 830am to 10am at the North Central Chamber of Commerce (860 South Street, Fitchburg). Register at www.nvcoc.com.
On June 20th, the Massachusetts House voted on a bill now being dubbed the Commonwealth's 'grand bargain' for its bipartisan compromise. The bill is relative to bundling the state's sales tax holiday, minimum wage, and paid family medical leave. Ingraining the tax holiday as an annual occurrence, the bill establishes that the legislature will choose the date by June 15th of each year. The bill would raise the state minimum wage from $11 to $15 an hour over a five-year period. Starting in 2019 the state would see a $1 increase followed by an annual $0.75 increase through 2023. Minimum wage for tipped workers will also see an increase from $3.75 to $6.75 an hour through a $0.60 increase over the same five years. The bundled legislation passed the house with a 119-34 vote and the Governor signed it into law on June 28th.