Download this document in MS Word format


AutoFill Template

H.403

Introduced by   Representatives Head of S. Burlington, Brooks of Montpelier, Copeland-Hanzas of Bradford, Cross of Winooski, Donovan of Burlington, Fisher of Lincoln, French of Randolph, Haas of Rochester, Leriche of Hardwick, Lorber of Burlington, Maier of Middlebury, Marek of Newfane, McLaughlin of Royalton, Minter of Waterbury, Nuovo of Middlebury, Pugh of S. Burlington, Seibert of Norwich, Sharpe of Bristol, Tracy of Burlington and  Trombley of Grand Isle

Referred to Committee on

Date:

Subject:  Economic development; livable wage and basic needs calculations and report; joint fiscal office

Statement of purpose:  This bill proposes to extend the period during which the joint fiscal office will do an annual calculation and report on basic needs budgets, current wage levels, and cost of living and minimum wage increases.

AN ACT RELATING TO BASIC NEEDS BUDGET CALCULATIONS TO DETERMINE LIVABLE WAGES

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1. Sec. 4 of No. 119 of the Acts of the 1999 Adj. Sess. (2000), as amended in Sec. 51a of No. 66 of the Acts of 2003, is amended to read:

Sec. 4.  BASIC NEEDS BUDGET CALCULATIONS; JOINT FISCAL

             OFFICE

The joint fiscal office shall issue a report on or before January 15 of each year until January 15, 2006 2010 that includes a computation of base line data of the cost of living in Vermont and the current wage levels within various sectors of the economy, using the methodology of the report prepared for the livable income study committee issued on November 9, 1999.  The report shall include:

(1)  A set of “basic needs budgets” for various household configurations for the previous year.  The “basic needs budgets” are calculations of the amount of money needed by various household configurations to maintain a decent standard of living in Vermont, using current state and federal data sources for determining such basic monthly expenses as food, housing, transportation, child care, utilities, personal expenses, and health care.

(2)  A review of current state wage distributions.

(3)  Changes in the federal minimum wage and in the minimum wage rates of surrounding and comparable states.

(3)  The joint fiscal office shall determine whether the methodology of the basic needs budget calculations should be revised and what revisions should be made based on recommendations from the members of the livable income study committee.  If it is determined that revisions are needed, the joint fiscal office shall present the proposed revisions to the general assembly no later than May 1, 2006.  



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us