ANNAPOLIS, MD (February 20, 2007) - Comptroller Franchot pledged his support today for legislation aimed at ensuring laborers working for the state receive a living wage.

In a letter sent to Delegate Dereck E. Davis, chair of the House Economic Matters Committee, Comptroller Franchot endorsed House Bill 430, proposed legislation requiring state contractors and subcontractors pay employees a minimum or living wage based on the Consumer Price Index.

"Over the centuries, government has led by example when it came to fair and honest business practices. We are all here to fight for what is best for the residents and taxpayers of Maryland and the living wage bill fits that description. This is a clear case of making good policy that benefits our state both fiscally and socio-economically," Comptroller Franchot wrote.

Comptroller Franchot struck down criticism of the bill citing Montgomery and Prince George's counties as two jurisdictions that have successful implemented living wage procurement provisions without disastrous consequences on their economies.

"The cost to the taxpayers in terms of contract prices have not risen substantially [in Montgomery and Prince George's counties] and certainly the demand and competition for business with the local governments has not abated any since the implementation of living wage laws," Comptroller Franchot stated.

House Bill 430 will be debated in the House of Delegates today at 1 p.m.

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Contact: Joseph Shapiro, 410-260-7305