Governor's finance office opposes bill raising minimum wage in California.

Citing significant new costs to the state and a negative effect on businesses, the Brown administration’s Finance Department is opposing a bill that would raise California's $9 minimum wage to $11 an hour on Jan. 1 and boost it again to $13 in 2017.

The finance office said SB 3 by state Sen. Mark Leno (D-San Francisco) would increase costs to state agencies paying higher wages by $393 million this year, nearly $1 billion next year and $3.4 billion the year after, with about half coming from the state general fund.

“The Department of Finance is opposed to this bill because it results in significant, unbudgeted costs to the General Fund,” the report says. “Further, Finance notes the net impact of an increased minimum wage on California’s economy and state budget is likely to be negative.”

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