NY mulls minimum wage hike — State grant recipient sued — Incomes rise 0.5% in Dec.

Good Monday morning! Inside Track is back after a bit of a hiatus and looking leaner: we’re going to try to keep our daily posts under 300 words so you can get the news and get on with your day.

LEADING OFF: NY Assembly Democrats, led by Speaker Sheldon Silver (D-Manhattan), are pushing to raise the state’s minimum wage 17 percent, from $7.25 to $8.50. Thus far, Gov. Andrew Cuomo has reserved comment, but is expected to support such a measure.

PERSONAL INCOME UP: Income rose 0.5% in December, the Commerce Department reported today, the strongest growth in nine months, while consumer spending was unchanged from November to December.

SAN-MAR SUED: San-Mar Laboratories Inc., based in Elmsford, is being sued by a supplier after receiving a $5 million state grant last fall. See this story and more Westchester business news at Westfair Online.

QUICK HITS: Florida holds its Republican presidential primary tomorrow, where Mitt Romney has opened a double-digit lead in the polls over Newt Gingrich; the Federal Reserve last week said it would extend its commitment to keep rates low through 2014, underscoring the continued fragility of the U.S. economy; a federal judge last week set June 26 as New York’s primary date; the Senate is likely to vote on Sen. Kirsten Gillibrand’s insider trading bill this week.


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