Colorado Minimum Wage Hike on November Ballot

A ballot initiative in November’s election will ask Colorado voters to vote yay or nay on a change to the Colorado constitution that would increase the state’s minimum wage to $12 an hour by 2020.

If the initiative passes, Colorado’s minimum wage would increase to $9.30 on January 1, 2017, then annually by $ 0.90 each January 1 until it reaches $12 in January 2020. After that, the minimum wage would adjust annually for cost-of-living increases measured by the Consumer Price Index used for Colorado.

Currently, Colorado’s minimum wage is $8.31 an hour and $5.29 for tipped employees.