New York Minimum Wage 2024 Proposal. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. New york governor kathy hochul’s $229 billion budget agreement with legislative leaders included an increase in the minimum wage and changes to the state’s bail laws.
After the initial increase, the minimum. New york’s state budget could lead to a minimum wage of $17 an hour in the coming years, sources familiar with the discussion said monday evening.
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