Maryland on track to be next state with $15-an-hour minimum wage

Maryland is on track to increase its minimum wage to $15 an hour, despite an anticipated veto from the governor.

Both chambers in Maryland's state legislature passed a bill this week to hit that minimum wage by 2025. Companies with 14 employees or fewer would get a few extra years to hit the $15 mark.

The state's current minimum wage is $10.10 an hour. The first hike to $11 an hour would go into effect Jan. 1, 2020, and the minimum wage would continue to go up by 75 cents to $1 each January for the next five years.

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Republican Gov. Larry Hogan already expressed his concerns about the bill, indicating he might issue a veto.

But Democrats hold a strong majority in both chambers, and based on the bill's initial votes, lawmakers have enough support to override a veto.

If the bill goes into law, Maryland will be the sixth state to pass legislation to reach $15 an hour — which is the highest minimum wage in the country.