|Posted:||December 9, 2014 10:09 AM|
|From:||Senator Gene Yaw|
|To:||All Senate members|
|Subject:||Legislation to Increase the Prevailing Wage Threshold|
|In the near future, I will re-introduce legislation, Senate Bill 1059 of last session, that will raise the threshold of the Prevailing Wage Act from $25,000 to $185,000.
The Prevailing Wage Act requires that all public bodies pay the prevailing minimum wage, as determined by the Secretary of Labor and Industry, to workmen on a “public works project”. A “public work” is defined in the Act as any construction, repair, demolition, or alteration paid for in whole (or in part) out of the funds of a public body where the total estimated cost exceeds $25,000.
It is important to note that the prevailing wage threshold has not changed since the 1960’s and that there is no cost-of-living adjustment (COLA) for the threshold in current law. At today’s cost levels, the $25,000 prevailing wage threshold virtually applies to every infrastructure project.
I appreciate your consideration of this legislation.
Introduced as SB149