article New York City Mayor Bill de Blasio has signed a bill that will increase the city’s minimum wage by $1.75 an hour, according to a draft version of the measure released by the office of the mayor on Thursday.
The bill would go into effect on Jan. 1.
The mayor said the increase would be in line with a national average of about $2.50 an hour.
The $1 an hour increase will be phased in over three years.
The plan would raise the minimum wage to $15 per hour by 2020.
It would also eliminate an existing $2 per hour tax on businesses that provide services to low-wage workers.
The legislation is not a full-fledged wage hike but it does increase the amount that businesses must pay their employees, the mayor’s Office of Management and Budget said.
It also includes an exemption for businesses with fewer than 25 employees.
The measure has the support of the business community and a broad cross-section of New Yorkers, including labor unions, community groups, business groups and progressive organizations.
It will also be subject to a public hearing before the City Council, which will consider the bill on Jan and Feb. 8.
The Associated Press contributed to this report.