by Sophie Zdatny
On June 9, Governor Peter Shumlin signed House Bill 522 into law, making Vermont the first state to approve a minimum wage above the $10.10 goal set by President Barack Obama.
As of January 1, 2015, Vermont’s minimum wage will rise to $9.15, from its current level at $7.25. The minimum wage will increase to $9.60 effective January 1, 2016, and then to $10.00, effective January 1, 2017. The minimum wage will rise to $10.50 on January 1, 2018, and will continue to increase each subsequent January 1 by five percent or the percentage increase of the Consumer Price Index (whichever is smaller).