NY budget to include $9 min wage

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Credit Office of New York Governor Andrew Cuomo

New York Governor Andrew Cuomo and legislative leaders reached a tentative deal last night increasing the state minimum wage over the next three years to $9-an-hour.

The Daily News reports that under the emerging agreement, the current $7.25 hourly minimum wage would increase in stages — to $8-an-hour in January; to $8.75 at the beginning of 2015; and topping off at $9-an-hour by the end of 2015. Meanwhile, Calling it a ploy by politicians in Albany, critics are blasting a proposal to extend a temporary income tax hike for millionaires.