Bill > A07770

This bill requires the commissioner of labor to prepare and submit an annual report by September 30th that provides a comprehensive analysis of the state's cost of living, poverty rates, and minimum wage adequacy. The report must utilize multiple economic measures like the True Cost of Economic Security (TCES), MIT living wage calculator, and Economic Policy Institute (EPI) family budget calculator to examine living costs. It mandates a detailed analysis of poverty and child poverty rates for working households, disaggregated by various demographic factors including race, ethnicity, gender, age, and education level, across four defined state regions. The report must also compare New York's minimum wage with those in other high-cost states and cities like California, Washington, San Francisco, and Seattle, examining both current and projected future wage values. To ensure comprehensive and balanced research, the commissioner will work with a three-person advisory committee appointed by the governor, senate president, and assembly speaker. The bill aims to provide a thorough, data-driven assessment of minimum wage adequacy and economic conditions across different New York communities, with the commissioner having flexibility to include additional relevant analyses.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A7770