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SACRAMENTO – California lawmakers and labor unions have reached a tentative deal to gradually raise the statewide minimum wage to $15, the Los Angeles Times reported Saturday.

The deal would raise the statewide minimum wage from the current $10 an hour to $10.50 next year, with a 50-cent increase in 2018, and then increase by $1 per year through 2022, according to The Times.

Gov. Jerry Brown is expected to make a formal announcement as early as Monday, The Times reported.

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