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U.S. Master Payroll Guide (2011)
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CCH® PAYROLL — 10/8/08

Colorado minimum wage will increase to $7.28 on January 1

The minimum wage rate in the state of Colorado will increase to $7.28 per hour effective January 1, 2009. For tipped employees, the minimum wage will increase to $4.26 per hour (No more than $3.02 can be used to offset the minimum wage; $7.28 - $3.02 = $4.26)

In accordance with the Colorado Constitution, the state minimum wage is to be adjusted annually for inflation, based on the Consumer Price Index used for Colorado. The inflation adjustment is based on the Consumer Price Index for All Urban Consumers (CPI-U), All Items, for the Denver-Boulder-Greely combined metropolitan statistical area as published by the United States Bureau of Labor Statistics (BLS). The CPI-U increased 3.7 percent from the first half of 2007 to the first half of 2008, which results in the new minimum wage of $7.28 per hour effective January 1, 2009. (Colorado Minimum Wage Fact Sheet, Colorado Department of Labor and Employment, Division of Labor, September 2008.)

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