Investor Consulting Services | Spectrum Enterprises
2025 Minimum Wage Increases

2025 Minimum Wage Increases

As we step into 2025, several states are rolling out updates to their minimum wage rates, reflecting adjustments for inflation, legislative changes, and phased-in increases. ·  Ohio: The minimum wage is increasing to $10.70 from $10.45 due to an inflation...
Minimum wage increases for 2024

Minimum wage increases for 2024

State 2023 Hourly Minimum Wage 2024 Hourly Minimum Wage Effective January 1, 2024 Alaska $10.85 $11.73 Arizona $13.85 $14.35 California $15.50 $16.00 Colorado $13.65 $14.42 Connecticut $15.00 $15.69 Delaware $11.75 $13.25 Hawaii $12.00 $14.00 Illinois $13.00 for...
HOTMA News for Private Consulting Clients

HOTMA News for Private Consulting Clients

On 7-29-16, HOTMA was signed into law.  HUD issued the final rule on 2-14-23 to take effect 1-1-24.  While HUD is allowing the implementation of the regulations to be pushed until 7-1-25, Spectrum Compliance has made the decision to implement the HOTMA changes on...