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9.0. HRSR 09-23-2002
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9.0. HRSR 09-23-2002
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City Government
type
HRSR
date
9/23/2002
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• "Threshold" <br /> Minimum Average Wage <br /> For Public Assistance for Economic Development <br /> Hourly wage: $12.25 <br /> Annual Wage: $25,480.00 <br /> %Allocated to Shelter Costs: 30.00% <br /> Annual Shelter Costs $7,644 <br /> Monthly Shelter Costs $ 637 <br /> Formula: <br /> Annual computation using the Fair Market Rent(FMR) for a three bedroom <br /> apartment. <br /> The Threshold Minimum Average Hourly Wage for Public Assistance for Economic <br /> Development activities would establish a base level hourly wage, which economic <br /> development project(projects in which the major public benefit would be job creation) <br /> would have meet or exceed to qualify for local public financial assistance. <br /> The use of the FMR's provides for an automatic annual adjustment based on localized <br /> data. <br /> 92 <br />
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