New York Budget Raises State Minimum Wage Rates Starting in 2024

The hourly minimum wage rates across New York State are rising starting in 2024, under a budget bill Gov. Kathy Hochul (D) signed May 3.

SB 4006-C contains scheduled increases through 2026, after which the increases will be indexed. The minimum wage rate in New York City, as well as Nassau, Suffolk, and Westchester counties, will rise to $16 on Jan. 1, 2024; $16.50 on Jan. 1, 2025; and $17 on Jan. 1, 2026. The rate for the rest of the state will increase to $15 on Jan. 1, 2024; $15.50 on Jan. 1, 2025; and $16 on Jan. 1, ...