Vote Smart's Synopsis:

Vote to pass a bill that increases the minimum wage in increments from $5.15 to $6.95 beginning October 1, 2006, to $7.15 beginning July 1, 2007, and to $7.40 beginning July 1, 2008. This bill also specifies that if there is a ballot proposal to establish the minimum wage at the election on November 7, 2006, and if the majority of voters approve it, that shall be the established minimum wage.

Full Bill Text