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NY state in tentative deal to raise minimum wage toward $15 an hour
Source: Reuters
World | Thu Mar 31, 2016 5:35pm EDT
NY state in tentative deal to raise minimum wage toward $15 an hour
ALBANY, NEW YORK, | BY JAMES ODATO
Governor Andrew Cuomo and state legislative leaders reached a tentative deal on Thursday to raise New York state's minimum wage towards $15 per hour but fell short of a uniform state-wide increase, lawmakers said.
The deal outlines a faster rise in New York City, but carves out a slow lane for small businesses and its surrounding counties. In less prosperous areas north of the city it rises to $12.50 per hour before a state review of the law's impact.
The minimum wage has been a sticking point in difficult budget negotiations that threaten to delay a spending plan past the start of the state's fiscal year on April 1. The agreement still needs to be approved by lawmakers.
Phil Steck, a Democratic Party assembly member, said that under the terms of the deal the minimum wage would rise from its current $9 per hour to $15 over three years in New York City starting on Dec. 1, 2016. City businesses with up to 10 employees would be given four years to implement the measure.
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NY state in tentative deal to raise minimum wage toward $15 an hour
ALBANY, NEW YORK, | BY JAMES ODATO
Governor Andrew Cuomo and state legislative leaders reached a tentative deal on Thursday to raise New York state's minimum wage towards $15 per hour but fell short of a uniform state-wide increase, lawmakers said.
The deal outlines a faster rise in New York City, but carves out a slow lane for small businesses and its surrounding counties. In less prosperous areas north of the city it rises to $12.50 per hour before a state review of the law's impact.
The minimum wage has been a sticking point in difficult budget negotiations that threaten to delay a spending plan past the start of the state's fiscal year on April 1. The agreement still needs to be approved by lawmakers.
Phil Steck, a Democratic Party assembly member, said that under the terms of the deal the minimum wage would rise from its current $9 per hour to $15 over three years in New York City starting on Dec. 1, 2016. City businesses with up to 10 employees would be given four years to implement the measure.
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Read more: http://www.reuters.com/article/us-new-york-budget-wages-idUSKCN0WX2OM