Ny Minimum Wage Bill To Be Paid For By Taxpayers

03.27.13 | Sarah Harnisch

Much of New York's minimum wage increase will be paid for by taxpayers. The details of how the "minimum wage reimbursement credit" would be paid for has been spelled out at the bottom of a revenue bill. By 2016, the state minimum wage is set to rise to 9-dollars an hour. That's a $1.75-cent hike. Lawmakers say of that, 40 cents would be paid for by employers, and rest of the $1-35 cent hike by taxpayers. It means an extra $2,800 dollars a year for workers; but as much as 40-million dollars out of the pockets of taxpayers.