Bill > S0067

This bill proposes to increase Vermont's minimum wage to the "livable wage" as calculated by the Joint Fiscal Office, with several key provisions. The bill defines "livable wage" as the average hourly wage required for a full-time worker living in shared housing with employer-assisted health insurance to cover basic needs. Specifically, the minimum wage would increase from $12.55 to $18.60 on January 1, 2026, with subsequent annual increases of up to five percent or matching the Consumer Price Index (CPI-U), whichever is smaller. The legislative intent is to address affordability concerns while maintaining a systematic approach to wage adjustments. Future minimum wage increases will continue to be determined by existing law, and the new definition and wage rate are designed to ensure workers can more effectively meet their basic living expenses. The bill is set to take effect on July 1, 2025, giving employers time to prepare for the wage adjustment.

Housing and Urban Affairs

https://legislature.vermont.gov/bill/status/2026/S.67