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VT H0743
Bill
Status
1/22/2026
Primary Sponsor
Lawrence Satcowitz
Click for details
AI Summary
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Increases Vermont's minimum wage to $18.60 per hour beginning January 1, 2027, replacing the current rate of $12.55
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Defines "livable wage" as the average of urban and rural hourly wages required for a full-time worker in shared housing with employer-assisted health insurance to cover the basic needs budget
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Annual adjustments after 2027 will be the lesser of 5% or the Consumer Price Index (CPI-U) increase for the 12 months preceding September 1, with no decreases permitted
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Livable wage figure is based on the Joint Fiscal Office's January 2025 basic needs budget report
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Effective date: July 1, 2026
Legislative Description
An act relating to increasing the State minimum wage based on the livable wage
Last Action
Read first time and referred to the Committee on General and Housing
1/22/2026