Gov. Kathy Hochul announced that New York State’s 2024 budget agreement will increase the state minimum wage for three years.
The move will also tie future increases to inflation. On January 1st 2024 the minimum wage in the state will increase to $16 in New York City and in the counties of Nassau, Suffolk, and Westchester, while the rest of New York will jump to $15. In 2025 and 2026, the minimum wage will go up by an additional 50 cents each year.
After that period of time, the state’s minimum wage would increase at a rate determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers for the Northeast Region. The move to keep pace with inflation is designed to help thousands of minimum wage workers across New York State.