SACRAMENTO, Calif. – California Gov. Jerry Brown and labor unions in the state have reached an agreement that would raise the minimum wage to $15 from $10 over the next six years, according to the San Jose Mercury News and other published reports. 

Jerry Brown
California Gov. Jerry Brown

The deal reportedly would raise the minimum wage to $10.50 in 2017 followed by another 50-cent raise in 2018. Subsequent minimum wage increases would be $1 until it reaches the $15 maximum. News reports said businesses with 25 or fewer employees would have an extra year to comply with the standard.

Brown and state legislators are expected to make an official announcement today during a press conference. Click here to see a fact sheet about California's minimum wage increase.