Explanation
BACKGROUND: This legislation authorizes an amendment to Chapter 4565.11 of the Columbus City Codes for the purpose of changing the minimum wage from fifteen dollars ($15.00) an hour to twenty dollars ($20.00) an hour for all employees to which an incentive applies. Columbus City Council, per ordinance Number 3381-2018, on December 10, 2018, created the Job Creation Incentive Program Employer Minimum Wage for the purpose of reinforcing its commitment to support broad-based economic prosperity by only providing tax incentives for jobs that provide a living wage. An amendment is needed for the purpose of continuing to support broad based economic prosperity by only providing tax incentives for jobs that provide a living wage.
FISCAL IMPACT: No funding is required for this legislation.
Title
To amend Chapter 4565.11 of the Columbus City Codes to increase the minimum wage from fifteen dollars ($15.00) an hour to twenty dollars ($20.00) an hour for all employees to which an incentive applies.
Body
WHEREAS, the City of Columbus, per Ordinance Number 3381-2018, passed by Columbus City Council on December 10, 2018, created the Job Creation Incentive Program Employer Minimum Wage; and
WHEREAS, the Job Creation Incentive Program Employer Minimum Wage was fifteen dollars ($15.00) an hour for all employees to which the incentive applies; and
WHEREAS, the City of Columbus uses tax incentives to encourage local, regional, national, and international companies to expand the number of employees they locate within the boundaries of the city; and
WHEREAS, the creation of new jobs in Columbus helps attract new residents while simultaneously expanding the tax base from which city revenue is collected, thereby enhancing the city’s ability to provide services to residents; and
WHEREAS, it is in the best interest of the City of Columbus and its residents for the city to offer incentives only for jobs that pay a living wage, which allows employees...
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