The Department of Finance is opposed to this bill because it results in significant, unbudgeted costs to the General Fund, said a report issued for a legislative hearing held Wednesday. Further, Finance notes the net impact of an increased minimum wage on Californias economy and state budget is likely to be negative.
The official position could signal the likelihood of a veto if the legislation is approved. In 2013, Brown signed a law that will raise the $9 minimum wage to $10 per hour on Jan. 1.
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