JOPLIN, MO.--- Maggie Ritzman works about 20 hours a week in the Student Affairs Office at Missouri Southern State University.
"I had to buy a new car so it helps me with that, it helps me with school supplies or clothes or just anything I need," states Maggie Ritzman, MSSU Student Affairs Office.
She's one of the 420 minimum wage workers employed by the university who will be impacted by a recent decision to increase minimum wage in Missouri.
"I think it will help my budget in little ways like i'll be able to expand it a little like spend a little more in certain areas and maybe have more fun money," states Ritzman.
The Missouri Department of Labor recently announced plans to increase Missouri's minimum wage by 10 cent per hour starting January 1st. This will make the new state minimum wage $7.35 per hour.
"We're an employer just like other employers and it will have an impact on our processing of payroll," states Debbie Dutch Kelly, MSSU Director of Human Resources.
The biggest question many businesses face, is where the extra money will come from to pay this new minimum wage.
"That has not been determined, the university's budget for the fiscal year has already been set," states Kelly.
Meaning Missouri Southern will look at a host of sources for the funding.
"We get some money from the state, we get some grants, and other kinds of contributions, we get some scholarships, and our foundation, we also have money coming from tuition and fees," states Kelly.
This will be the first time since 2009 the minimum wage rate in Missouri has increased. It's something many are anxious to see take effect.
"I feel good about it, I think it's really cool but at the same time it kind of makes you wonder about the other businesses, how they are going to handle it. If they are going to pay you more and they have to stay in business to pay you. I'm happy about it but kind of concerned," states Ritzman.
Businesses whose annual gross income is less than $500,000 a year are exempt from the increase.