News on the Minimum Wage Increase from NYSRA

We received this breaking news from the New York State Restaurant Association:

Governor Cuomo, Speaker Silver and Senate Co-Presidents Skelos and Klein have just announced an agreement on the New York State Budget that includes a minimum wage increase.
We are pleased to announce that instead of increasing the minimum wage all at once, it will be phased in over three increases. The final increase will go to $9.00 an hour by the end of 2015. There was no mention of indexing the minimum wage to the Consumer Price Index and it is believed that the language has been removed.

There has been no official announcement on the cash wage for tipped foodservice workers at this time. Budget bills are being printed as you read this and we will release more information as it becomes available.