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Colorado green lights minimum wage hike

The minimum wage in Colorado will hit $12 per hour by 2020, voters decided on Tuesday.

<p>DENVER, CO - MAY 18: People with the Colorado Families for a Fair Wage campaign hold up signs during their rally on the outdoor patio at Vine Street Pub on May 18, 2016 in Denver, Colorado.</p>

The minimum wage in Colorado will hit $12 per hour by 2020, voters decided on Tuesday.

ELECTION RESULTS

“I’m excited about that. We’re so proud tonight that Colorado voters are choosing to give our working families a raise,” said Felicia Griffin, who served on the Amendment 70 executive committee. “It’s a testament to the power of organizing and bringing groups together."

Currently, the state's minimum wage is $8.31 an hour. Supporters of the amendment say the hike falls in step with the rising cost if the living, while opponents say the increase would hurt small local business.

Any change in the hourly wage is based on inflation, making Colorado one of 10 states in the nation to base its minimum wage to the Consumer Price Index.

Maine is also voting tonight on a measure to raise its minimum wage. Arizona passed a similar law to bump minimum wage to $12 tonight.