By Sarah Horbacewicz | CBS Colorado
In November, Boulder voters approved the increase of minimum wage in the city from $14.42 to $15.57 per hour, which went into effect on Jan. 1. As the new year begins, Peter Waters, the T/aco restaurant owner, is taking a close look at his budget.
“We have about 50,000 labor hours a year, so $1.10 increase, you can do the math, is a quick $55,000 that we need to figure out how to adjust for in the coming year,” Waters said.
One of those adjustments will show up on menu prices which is T/aco’s first raise since the COVID-10 pandemic. “In addition to price increases, we are going to have to start adjusting labor hours and asking more of our staff,” Waters said.