A Ripple Effect: Impact of the Minimum Wage Increase
By Rebekah L. Weidner
Senate Bill 1, signed into law this past February and effective January 1, raises the minimum wage to $15 an hour over six years. The minimum wage increases from $8.25 to $9.25 on 1/1/20; to $10 on 7/1/20 and $1 each January 1 until 2025.
To help understand the impact of this new law on Illinois school districts, Illinois ASBO issued a survey in December 2019 to school business officials throughout the state. The survey had 155 respondents representing 52 counties, with FY20 budgets ranging from $2.2 million to $385 million.