New York lawmakers become the best-paid in the country after a 29% pay rise
Tips for more savings in 2023
Tips for saving more in 2023 as the cost of living rises, inflation 02:55
ALBANY — Just in time for the New Year, New York lawmakers have become the highest-paid state legislators in the nation with a law signed Saturday. Members of both houses will get a $32,000 pay rise for a base salary of $142,000, according to a bill Gov. Kathy Hochul signed into law a day before her inauguration on Sunday. That’s a 29% increase from her previous salary of $110,000.
The law went into effect on Sunday.
Before the pay rise, California state legislators were the highest paid, with an annual base salary of $119,000, according to the National Conference of State Legislatures.
The New York legislature passed the pay raise bill during a special session in late December. However, the new salary increase comes with restrictions.
Members of the New York Assembly debate legislation approving a statutory pay rise during a special session in the Assembly Chamber of the state Capitol December 22, 2022 in Albany, New York Hans Pennink/AP
From 2025, foreign income will be capped at $35,000. Additional income from military service, pension plans or investments are still permitted.
Some Democrats in the Legislature backed the pay rise, saying it was necessary to keep up with the cost of living.
However, some Republican lawmakers opposed the bill during the special session, criticizing the ban on outside earnings.
“Your attempt to buy political cover by introducing a ban on foreign earnings will not make Albany better, it will make it worse,” Senator George Borrello said of his “no” vote on the bill.
Borrello said the ban would discourage civil lawmakers or “enterprising, accomplished individuals with practical experience from entering public service.”
The last raise state legislatures received was in 2018, and that was their first raise in two decades.
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