Lift Up Oakland, the union-backed campaign to raise Oakland's hourly minimum wage next year from $8 to $12.25, submitted more than 33,600 signatures Friday to get their proposal on the November ballot.

The proposal also provides paid sick days and cost-of-living adjustments for the city's lowest paid workers.

The City Council will soon receive a report on the impact of increasing the minimum wage. Councilman Larry Reid has already proposed a more moderate increase this year to $10.20, which has received support from several local merchants.

If council members think the union-backed plan is too steep a hike, they could pass their own minimum wage increase or put a competing measure on the ballot. One idea being bandied about by business groups is a measure to increase the minimum wage to around $12.50 over several years in tandem with neighboring cities. Last week, Berkeley's City Council voiced support for a phased-in minimum wage increase to $12.53 by Oct. 1, 2016.