Illinois: Senate passes $15 minimum wage bill

MGN Online

The Illinois Senate passed a $15 minimum wage bill with a vote of 39-18. The measure now heads to the House for consideration.

Senate Bill 1, which is the proposed bill, would gradually increase the minimum wage over a six year period.

Governor Pritzker held a press conference shortly after the announcement. Watch below.

If this version of the bill becomes law, here's how it would be rolled out.

Right now, the minimum wage is $8.25 an hour.

In 2019, there would be two raises -- a $0.75 raise on Jan. 1 and a $1 raise on July 1 so that by the end of the year, the minimum wage is $10.

Each year after that, there'd be a straight $1 increase until it reaches that $15 dollar mark in 2025.

The proposal does include a plan to offset the impact on small businesses.

The measure also makes tax credits available for companies with fewer than 50 employees.

Those credits would gradually decrease and ultimately end by 2030.

Responses to the passage of the bill have already started coming in.

The Illinois Republican Party opposes the minimum wage plan, citing the huge cost to taxpayers and small business.

“Pritzker’s minimum wage hike will crush small businesses and will cost taxpayers at least a billion dollars a year once the plan is fully implemented, and that’s not even a complete estimate. Pritzker’s administration has not disclosed the full amount of increased spending his wage hike would require. Pritzker’s reckless budgeting will cost taxpayers and small businesses dearly. It is yet another Pritzker proposal that will bankrupt Illinois," states Illinois Republican Party Spokesman Aaron DeGroot.

The Illinois Retail Merchants Association (IRMA) released the following statement after the Senate approved legislation raising the minimum wage to $15 per hour across the state:

"We are disappointed the Senate did not take the time to address ways to lessen the impact of an unprecedented wage hike, particularly on suburban and downstate employers. We will continue to seek a compromise in the House, and we urge legislators to not rush this issue as they consider the implications this will have on employers and employees in their communities," said Rob Karr, president & CEO, Illinois Retail Merchants Association.

The Illinois Manufacturers' Association (IMA) released the following statement today after the Senate approved legislation to increase the minimum wage to $15 per hour across the state:

"Manufacturers across Illinois are alarmed by the Senate's quick approval of legislation to raise the minimum wage across the state. This is particularly concerning for employers outside Chicago, where the cost of living is lower and it will be more difficult to absorb this 82 percent wage hike over a short five year period of time," said Mark Denzler, president and CEO of the Illinois Manufacturers' Association. "The IMA will continue to push compromise proposals in the House in the hope legislators recognize the detrimental impact this will have on businesses and the communities they anchor."
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