State Budget Could Include Minimum Wage Hike
Gov. Andrew Cuomo and New York legislative leaders have emerged from a brief closed-door meeting without a state budget deal.
Tuesday's negotiations are dragging into a week in which many thought a deal would be struck.
That means voting on budget bills could continue into Saturday, unless the governor and Legislature vote to suspend the three days' public review of legislation required by the state constitution.
State officials say the budget talks include a minimum wage increase to $8 an hour in January, $8.75 a year later and $9 a year after that.
The current minimum wage is $7.25. Raising it is a priority for Democrats.
The budget is also expected to include $700 million in tax breaks aimed at businesses and middle class families, a proposal pushed by Senate Republicans as their top priority.
Tuesday, July 22, 2014, Watertown, NY
On Wall Street