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HomeMy WebLinkAboutFR/SR Summary FormDate: 3/13/2006 AGENDA ITEM SUMMARY FORI FILE ID: Ofo—QO 2-3 M.2 Requesting Department: Mayor's Office Commission Meeting Date: 3/23/2006 District Impacted: Citywide Type: ❑ Resolution ® Ordinance n Emergency Ordinance n Discussion Item ❑ Other Subject: Living Wage Ordinance The purpose of the ordinance is to enact the living wage in the City of Miami Purpose of Item: Background Information: One of the strategic goals of this administration was to focus significant attention toward improving the lives of our less fortunate citizens. During 2002, Mayor Manny Diaz announced a comprehensive anti -poverty campaign that sought to provide job opportunities, affordable housing, job and life skills training, sustainable tax relief and an overall better quality of life. Leading the way, Mayor Diaz with the full support of the City Commission has allocated nearly $2.5M toward funding programming in this initiative over the last four years. This multi faceted campaign has been substantially implemented however the last remaining significant component of the Mayor's initiative is the implementation of a living wage in the City of Miami. This living wage ordinance seeks to leverage public funds in a way that promotes job creation, and enhances citizens' ability to support themselves and provide for their families in this ever evolving financial environment. Based on providing a living wage that would be equal to 110% of the 2006 Federal Poverty Guidelines, for a family of four, this ordinance would effect approximately 139 city employees and have a financial impact that would range from $850K to $1.2M, dependent upon the employee being provided a health care benefit. Continued ... Budget Impact Analysis Is this item related to revenue? No Is this item and expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvais (SIGN AND DATE) CIP Budget If using or receiving capital funds Grants Purchasing Chief Risk Mhent' .3� g Dept. Director City Manager 71-) Page 1 of 1 March 23, 2006 Living Wage Ordinance Continued... This would translate to an hourly wage of $10.58/hr for employees with benefits and $11.83/hr for employees without benefits. Although the financial impact associated with salary compression and service contracts covered under this ordinance could not be quantified at this time, we can expect to experience some increase in the cost. That increase will be mitigated by the staggered implementation schedule outlined in the ordinance.