Hochul Strikes Deal for $17 Minimum Wage in NY, Future Increases

New York minimum wages would increase by $2 an hour over the next three years and then rise annually based on inflation going forward, under a plan Gov. Kathy Hochul announced as part of a state budget deal struck with legislative leaders.

The plan would raise the wage floor for New York City, Long Island, and Westchester to $17 by 2026, up from the current $15 hourly minimum, Hochul (D) said Thursday night in unveiling the budget deal. Automatic annual increases would start in 2027, tied to the Consumer Price Index.

For the rest of the state, where the current ...