How California’s Minimum Wage Increase Could Impact Your HOA

Recently passed amendments to sections 245.5, 246, and 1182.12 of the California State Labor Code will result in an approximately 50% minimum wage increase, culminating in a $15/hour wage by January 1, 2023. These changes will bring new challenges to your community’s board and budget since hourly wages have a direct impact on your association’s cost of doing business. Foresight and strong planning will help ensure that your community is well prepared for fiscal changes in the coming years.     Read the article…………….

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