77
      Thursday
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      Friday
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      Saturday
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      Governor signs law to raise minimum wage

      Gov. Rick Snyder this evening signed bipartisan legislation raising MichiganĂ¢??s minimum wage to $9.25 an hour by 2018.

      Gov. Rick Snyder this evening signed bipartisan legislation raising Michigan??s minimum wage to $9.25 an hour by 2018, a move he said will help hard-working residents without hindering the state??s improving economy.

      Senate Bill 934 increases the minimum wage from $7.40 an hour to $9.25 over the next four years and would be adjusted to the rate of inflation or 3.5 percent, whichever is lower, starting in 2019.Tipped employees would have a rate that is 38 percent of the minimum, or about $3.51 an hour.

      ??I commend my partners in the Legislature for finding common ground on a bill that will help Michigan workers and protect our state??s growing economy,?? Snyder said. ??Michigan is the comeback state, and our goal always should be long-term success for our residents and our state as a whole.??

      The Republican-led House voted 76-34 and the GOP-controlled Senate 24-12 Tuesday sending the bill to the Governor's desk.

      The compromise was struck a day before a committee planned on turning in petition signatures for a higher minimum wage hike.