Living Wage Bill Approved by City Council; Mayor to Veto
MANHATTAN — The City Council on Monday passed a bill that will require those who directly benefit from city subsidies to pay their employees a living wage.
Also on Monday, Mayor Michael Bloomberg said he would veto it.
Called the Living Wage Bill and written following “an historic two-year campaign” by Council Speaker Christine Quinn and other council members, along with union leaders and developers, the law would require employers to pay workers at least $10 an hour on economic development projects in the city that receive $1 million in tax abatements or low-cost financing.