The State Legislature is currently considering proposals to increase New York’s minimum wage to $10.10/hour by July 2015, and to also allow cities and towns in the state to adopt municipal minimum wages 30 percent higher than the State minimum, or up to $13.13/hour.hese estimated impacts are calculated from a base minimum wage of $8.75/hour, which will take effect on. 2 The impact on the hourly wage is equal to the difference between current average wages and $13.13. The impact on weekly earnings is equal to the average hourly impact multiplied by average hours worked per week.