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<br /> <br />Living Wage Ordinance Page 35 <br /> <br />under the state prevailing wage rate requirement would only be covered by the Ordinance <br />if their current prevailing wage rate was lower than the living wage rate. <br /> <br /> <br />Compensation <br />Covered businesses are required to pay no less than $18.54 per hour or $17.04 with health <br />benefits valued at least $1.50 per hour, subject to annual CPI adjustment. <br /> <br />Reporting and Compliance <br />Covered businesses self-verify compliance and are subject to periodic re-verification and <br />audit of living wage related records. <br />