As we previously reported, New York State Governor Kathy Hochul signed the New York State 2024 Budget Agreement into law, which contained increases to the State’s minimum wage rates.  

Effective January 1, 2024, the minimum wage will increase incrementally over the next few years based on the region where employees work as follows:

For New York City, Westchester and Long Island:

• 2024 – $16.00/hour
• 2025 – $16.50/hour
• 2026 – $17.00/hour

For the rest of New York:

• 2024 – $15.00/hour
• 2025 – $15.50/hour
• 2026 – $16.00/hour

Beginning on January 1, 2027, increases to the minimum wage rates will be based on inflation using a three-year average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (“CPI-W”).  The State labor commissioner is directed to publish the adjusted minimum wage rate no later than October 1st each year, with the new rates taking effect the following January 1st. 

Should you have any questions or need assistance with submission process, please contact Ali Law Group.