Governor signs measure to hike Illinois minimum wage to $15
SPRINGFIELD, Ill. — Illinois Gov. J.B. Pritzker signed a measure Tuesday gradually hiking the statewide minimum wage to $15 an hour by 2025, an early victory for the Democrat on the eve of his first annual budget proposal.
Fulfilling one of his top campaign promises just five weeks into the job, Pritzker declared that Illinois “welcomes working families, setting a high standard for workers’ rights, economic opportunity and economic justice.”
Pritzker signed the law at the Governor’s Mansion, packed with supporters in a party-like atmosphere. On Wednesday, he is scheduled to deliver a proposed annual budget amid forecasts that the financially troubled state faces a $3.2 billion deficit in the fiscal year that begins July 1.
Illinois employs thousands of minimum-wage workers, many at universities and health care institutions funded by Medicaid. The new law means the state would have to pay more, including $230 million in additional costs in 2021 when the hourly pay floor rises to $10.