As expected, the New York City Council voted Thursday evening to override Mayor Michael Bloomberg’s veto of a measure that would raise the minimum wage of employees of some companies that receive public subsidies to $11.50 an hour, or $10 an hour with benefits.
The vote means that Big Apple businesses that have received $1 million or more of economic development aid from the public will see their payroll expenses rise if any of their employees earn less than the new law mandates.