§ 62-10. Annual reporting to the Common Council.

No less than 90 days after the commencement of each fiscal year, the City Finance Department shall forwarded a living wage report to the Common Council, indicating for each service contract or tax benefit in effect during the previous fiscal year:

A. 

A general description of the service contract or tax benefit and the nature of the covered employer; and

B. 

The number of eligible employees working for each covered employer, broken down by job title, and the wage rate paid for each position for each such that it can be determined that all eligible employees earn at least the living wage; and

C. 

The cost to the City in terms of increased payroll expenditures for persons employed by the City who receive a living wage but, in the absence of this Living Wage Chapter, would not be eligible to receive a living wage; and

D. 

To the extent feasible, an estimate of the total annual cost to the City attributable to the effect of this Living Wage Chapter, taking into account such factors as increased expenditures for service contracts subject to this Living Wage Chapter as compared to similar or equivalent contracts not subject to this Living Wage Chapter, or changes observed in the quantity or quality of bidders for City service contracts, or any other reasonably measurable and quantifiable monetary impact observed in connection with the implementation of this Living Wage Chapter; and

E. 

To the extent feasible, an estimate of the total City employee hours dedicated to implementation, oversight and enforcement of the provisions of this Living Wage Chapter.