March 9, 2020, 4:22 PM; Updated: March 9, 2020, 5:22 PM
Virginia is on the verge of increasing its minimum wage rate by more than $2 an hour.
Lawmakers gave final approval Sunday to a bill (H.B. 395) that would increase the rate to $9.50 an hour next year and gradually increase it to $12 an hour in 2023. The measure headed to Gov. Ralph Northam (D) also provides for a vote in 2024 that could trigger additional boosts that would bring the base rate to $15 an hour in 2026.
Virginia’s minimum wage currently matches the federal minimum of $7.25 per hour.