ILLINOIS — Governor JB Pritzker signed a minimum wage hike into law on Tuesday.
The minimum wage would increase gradually every year, until it hits $15-an-hour in 2025. Currently, the state minimum stands at $8.25-an-hour. The plan known as Senate Bill 1 would bump the $8.25-an-hour rate to $9.25 on Jan. 1. After moving to $10 on July 1, 2020, it would increase $1 each Jan. 1 until 2025. Pritzker’s office said he is scheduled to sign the bill at the governor’s mansion today.
Chicago’s minimum is $12-an-hour, and it’s set to increase to $13 this summer.
“Today is resounding victory for the 1.4 million Illinoisans who will soon get a hard-earned and well-deserved raise,” Gov. Pritzker said in a statement. “After nearly a decade of delay, I applaud the House and Senate for passing a living wage with the fierce urgency this moment requires. Phasing in the minimum wage over the next six years will put $6,300 a year into the pockets of nearly a quarter of our state’s workforce and billions of dollars into local economies in every corner of our state. Whether you’re a home healthcare provider in McLeansboro or a janitor in Rockford, hardworking men and women across Illinois deserve a raise and will get one. After campaigning on a promise to put Springfield back on the side of working families, I will proudly sign this historic legislation in the days to come.”
Business groups have fiercely opposed the measure, saying it will hurt small businesses and put Illinois at a competitive disadvantage with neighboring states. Indiana, Wisconsin, and Iowa offer the federal minimum wage of $7.25. Missouri currently offers $8.60, a wage scheduled to increase to $12 by 2023.
Think Big Illinois Executive Director Quentin Fulks released the following statement after Governor JB Pritzker signed SB1, which increases Illinois’ minimum wage, into law:“More than 40% of our workers just received a well-deserved and long-overdue raise, which is why Think Big Illinois made working to increase the minimum wage our first fight. After years of being left behind, Illinois families can now count on an administration that will work towards bold, progressive policies to help everyone get ahead.
“Think Big Illinois applauds Governor Pritzker’s quick action to help our workers, while supporting small businesses, and making our state the first in the Midwest to pass a $15 minimum wage. We look forward to being a strong ally for our working families in the fights ahead.”
Pritzker is scheduled to deliver his first state budget to the General Assembly on Wednesday.
Pritzker’s expected to assign some not-so-great phrase for the state of the state, then propose a budget that leaves the income tax alone for now, increases school funding a bit and plans for making money off of legalized pot.
“We need to make hard choices. There’s no doubt about it. We’ve got to make the choices that will get us to fiscal stability.”