LOUISVILLE, Ky.(WDRB) -- One of the sponsors of Louisville's proposed minimum wage ordinance says he will not accept anything lower than $10.10 an hour.

On Monday a metro council committee approved the proposed increase to $10.10 an hour on a narrow party line vote. A short time later, Louisville Mayor Greg Fischer said he would veto a minimum wage increase to $10.10, because he believes it would hurt businesses.

Fischer suggested that an increase to $8.50 or $8.75 might be a good compromise, but Councilman David James called that suggestion "

"disappointing," and said he plans to vote for the original $10.10 version.

James says the increase would "put about $90 million into our economy, locally, which creates more jobs -- more better paying jobs. So I would really like to see us be able to help 61,000 of our citizens."

James admits there are not enough votes to override a veto, and he expects heavy negotiations behind the scenes before the vote on Thursday.

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