Pay raise for New York lawmakers: 5 things to know
New York’s 213 state lawmakers are in line for a pay raise in each of the next three years, but it will come with significant strings attached.
It’s set to make them the highest paid state lawmakers in the country.
Gov. Andrew Cuomo is likely to receive a significant salary hike, too, but lawmakers will ultimately have the final say.
It will all be laid out in a yet-to-be-issued report due Monday, the broad strokes of which were approved by a four-member state panel Thursday.
New York governor, lawmakers in line to become highest paid in country
New York’s governor and state lawmakers are set to become the highest paid in the nation under a new plan that would boost their salaries for the first time in 20 years.
The state’s 213 lawmakers would see their base salary jump from the current $79,500 to $130,000 in 2021 — a 64 percent increase — under a plan approved Thursday by the state Compensation Committee, a panel of current and former comptrollers tasked with examining salaries for top state officials.
The increase would be phased in over three years, first with a jump to $110,000 in January.
But the pay hikes, which will take effect Jan. 1 unless lawmakers step in and change them before then, would come with significant strings attached for state legislators, who would be forced to limit their income from outside, private sources to 15 percent of their base salary starting in 2020.
Stipends for committee posts and leadership positions, which currently range from $9,000 to $41,500 a year, would be eliminated except for the very top lawmakers, according to former New York City Comptroller Bill Thompson, a member of the committee.
Gov. Andrew Cuomo’s $179,000 salary, meanwhile, would increase to $250,000 in 2021 under the plan, though that part would have to be approved by lawmakers in January.
The committee voted to approve the basics of its recommendation at a meeting Thursday in Manhattan, with a full report to follow by Monday.