Nys Salary Minimum Wage 2024. 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. On may 3, 2023, governor kathy hochul signed the new york state 2024 budget agreement into law, which contained increases to the state's minimum wage,.
New york state will raise minimum wage to $16 an hour for employees in nyc, long island and westchester, beginning in 2024, as well as $15 elsewhere in the. Employers are reminded that the next new york state minimum wage increase to $15.00 per hour was effective january 1, 2024, rather than december 31 as.