The State of California minimum wage increases to $12.00 per hour for employers with 26 or more employees and $11.00 per hour for employers with 25 or fewer employees on January 1, 2019. The Department of Developmental Services (DDS) has been allocated additional funds by the Legislature for dissemination to service providers to meet the increased minimum wage mandate. It is important to note that the funds allocated by DDS are solely to meet a service provider's costs to increase employee/staff wages to $12.00 per hour (or $11.00 per hour based on the number of employees) and the associated mandated costs (i.e. Social Security, Medicare and workers’ compensation). Please click on the link below to read the letter from DDS, then click on the Workbook link to complete your request for a rate adjustment. SPECIAL NOTE: Only one rate adjustment request per workbook. You must submit one workbook for each vendor number. If a vendor number has multiple rates that are impacted by the minimum wage increase, you must submit one workbook for each sub-code rate. REMINDER: The deadline to submit is March 1, 2019. Requests submitted after the deadline will not be considered.
Mark Higgins is the president of Higgins, Marcus and Lovett, Inc., a business valuation firm based in Los Angeles. The firm conducts valuation studies of both publicly and privately held businesses for a variety of purposes, including merger and acquisition, eminent domain, federal estate and gift taxes, income taxes, financial reporting, employee stock ownership plans, and litigation support.
Higgins has worked extensively with business owners and financial, legal and accounting professionals, advising them on matters related to business valuation and treasury management. He has advised a wide range of businesses, from the Fortune 500 to the middle market. He has been qualified in various superior courts and in U.S. Tax Court as an expert witness in valuation matters.
Higgins says, “I have two children receiving services from Lanterman and part of what I hope to offer the board is the combination of a parent's perspective with my background in business and experience serving on other boards.”