A possible increase in the minimum wage to at least $15 an hour in Fort Collins moved a step closer Tuesday night, as City Council members reviewed a study presented by staff and reacted with a mix of enthusiasm and caution.

The issue is likely to be formally introduced to the council at its regular meeting Nov. 15.

Fort Collins’ current minimum wage is at the statewide level of $12.56. The Colorado Legislature passed a bill in 2019 that allows up to 10% of communities in the state to set their own rates but requires them to consult with surrounding local governments and engage businesses of various sizes — including those that employ tipped workers — as well as chambers of commerce, workers, labor unions and community groups.

Any wage set by a local entity that is higher than the statewide minimum can only increase each year by $1.75 or 15%, whichever is higher, until the target wage is reached.

According to research done by city staff with help from Denver-based Economic and Planning Systems, about one-fourth of Fort Collins’ workforce would benefit from a $15 minimum wage.

The report contended that “existing research indicates that a higher local minimum wage generally does not lead to job losses or higher prices, but it does increase worker earnings and employee retention.”

Council member Shirley Peel reacted with caution, calling for “more data to make sure we get this right” and recounting concerns she has heard at local business functions that an increase in the...

Read Full Story: https://www.reporterherald.com/2022/07/13/fort-collins-considering-minimum-wa...