Vermont H0743 proposes to increase the state minimum wage to a livable wage, set at $18.60, and mandates future annual increases based on the.

Vermont H0743 aims to raise the state minimum wage to a livable wage, defined as the average hourly wage needed for a full-time worker with employer-assisted health insurance to cover basic needs. Starting January 1, 2027, the minimum wage will be set at $18.60. Each subsequent January 1, the minimum wage will increase by five percent or the percentage increase of the Consumer Price Index, whichever is smaller. The minimum wage will be rounded to the nearest cent, and it cannot be decreased. This act will take effect on July 1, 2026.

Vermont H0743 proposes to increase the state minimum wage to a livable wage, set at $18.60, and mandates future annual increases based on the.

Vermont H0743 aims to raise the state minimum wage to a livable wage, defined as the average hourly wage needed for a full-time worker with employer-assisted health insurance to cover basic needs. Starting January 1, 2027, the minimum wage will be set at $18.60. Each subsequent January 1, the minimum wage will increase by five percent or the percentage increase of the Consumer Price Index, whichever is smaller. The minimum wage will be rounded to the nearest cent, and it cannot be decreased. This act will take effect on July 1, 2026.