Budget Deal Would Raise NY Minimum Wage

Budget Deal Would Raise NY Minimum Wage

FILE - In this June 15, 2018 file photo, twenty dollar bills are counted in North Andover, Mass. Rising prices can feel impossible to manage if money is already tight. To stay afloat, prioritize essential expenses that enable you to live and work. (AP Photo/Elise Amendola, File)

The State Budget deal includes a raise of minimum wages..

The minimum hourly wage would rise to $17 in New York City and $16 in the rest of the state by 2026 under an agreement between Gov. Hochul and legislative leaders. That’s an increase from the current rate of $15 in the city and $14.20 upstate.

Future increases would then be tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers, a measurement of inflation.

(AP Photo/Elise Amendola, File)