READ AND PASSED

The enacted ordinance sets specific minimum hourly wage rates for covered employees under Philadelphia’s 21st Century Minimum Wage Standard, rising to $15 by July 2022 and adjusting with inflation beginning July 2023. It also requires new jobs qualifying for the city’s tax credit to meet the applicable minimum wage and applies the wage rules to certain later city contracts, renewals, leases, licenses, and financial-aid agreements.

Amending Section 17-1305 of The Philadelphia Code, entitled "Compensation Required to be Paid to Employees," to revise the compensation required to be provided in connection with application of the Philadelphia 21st Century Minimum Wage Standard; and amending Section 19-2604 of the Code, entitled "Tax Rates, Credits, and Alternative Tax Computation," to make the wage rates related to the tax credit for new job creation consistent with Section 17-1305; all under certain terms and conditions.