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OR HB2962
Bill
Status
6/27/2025
Primary Sponsor
Mark Gamba
Click for details
AI Summary
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Beginning July 1, 2026, minimum wage increases by $2 annually above the current ORS 653.025(1)(j) rate until reaching a cap set by a Bureau of Labor and Industries formula
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Bureau of Labor and Industries must establish a formula linking minimum wage to regional fair market rents, ensuring workers can afford a one-bedroom apartment at no more than 30% of monthly income
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Formula must account for regional differences using HUD's 40th percentile gross rent methodology for standard quality one-bedroom units across Oregon's different wage regions
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Commissioner of Bureau of Labor and Industries must annually calculate wage rate adjustments based on HUD fair market rent estimates for the following federal fiscal year
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Takes effect 91st day after 2025 legislative session adjournment, with new wage calculation provisions becoming operative January 1, 2026
Legislative Description
Relating to minimum wage rates; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025