On April 1, 2019, New Mexico Governor Lujan Grisham (D) signed
Senate Bill (SB) 437, which amends the New Mexico Minimum Wage Act
(MWA) by increasing the state minimum wage, increasing the minimum
cash wage for tipped employees, and revising tip pool
standards.
Currently, New Mexico's minimum wage is $7.50 per hour for
covered non-exempt employees. SB 437 requires the rate to increase
as follows on January 1: $9.00 (2020); $10.50 (2021); $11.50
(2022); $12.00 (2023).
SB 437 also increases the minimum cash wage (MCW) that must be
paid to employees who customarily and regularly receive more than
$30.00 a month in tips. The MCW increases from the current rate of
$2.13 per hour – the same rate under the federal Fair Labor
Standards Act (FLSA) – to: $2.35 (2020); $2.55 (2021); $2.80
(2022); $3.00 (2023). For employers with operations covered by
local minimum wage ordinances in Bernalillo County and the City of
Santa Fe – where the MCW is $2.13 per hour – the state
rate
