SPRINGFIELD – In under a month, employers with minimum-wage employees in Illinois will have to raise wages per the $15 minimum wage measure signed by Governor J.B. Pritzker earlier this year.
On New Year’s Day, Illinois minimum wage will raise to $9.25 an hour, with a second increase to $10 an hour on July 1. Then the wage will increase by one dollar yearly, until reaching $15 per hour in 2025.
Convenience store groups said stores at Illinois’ borders could be impacted, while also managing higher gas taxes than neighboring states. Others raised concerns prior tot the measure’s passing about the cost the minimum wage increase will have on local taxpayers due to public schools and nonprofit groups increasing spending to cover the wage increases.
The law provides small businesses and nonprofits with a tax credit. Advocacy groups and supporters of the increase previously said the minimum wage should allow employees to support a family.