Mayor Garcetti signs ordinance raising minimum wage to $15 by 2020

LOS ANGELES (KABC) -- Los Angeles Mayor Eric Garcetti signed a measure into law Saturday to raise the minimum wage in Los Angeles to $15 an hour by 2020.

The signing ceremony took place at Martin Luther King Jr. Park at 2 p.m.

On Wednesday, the L.A. City Council voted 12-1 in favor of the wage hike, with Councilman Mitchell Englander casting the sole dissenting vote.

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 then calls for the minimum wage in 2022 to continue increasing based on the cost of living.

With the mayor's signature, the city of L.A. has become the biggest in the country with a $15 minimum wage ordinance.

City News Service contributed to this report.