Los Angeles City Council gives final approval to raising minimum wage to $15 by 2020

LOS ANGELES (KABC) -- The Los Angeles City Council gave final approval on Wednesday to an ordinance that raises the minimum wage to $15 an hour by 2020.

The council voted 12-1 in favor of the wage hike, with Councilman Mitchell Englander casting the sole dissenting vote.

The ordinance is expected to be signed by Mayor Eric Garcetti on Saturday.

The current minimum wage in California is $9 an hour. The proposal raises it to $10.50 an hour by next July for businesses with 26 or more employees.

The wage would then increase to $12 by July 2017, $13.25 by July 2018, $14.25 by July 2019 and then $15 by July 2020.

Once the wage reaches $15 per hour for both small and large employers, the measure calls for the minimum wage in 2022 to continue increasing based on the cost of living.

City News Service contributed to this report.