As we look to the New Year, some new laws will be going into effect, in both Virginia and North Carolina.
For Virginia, there will be an increase in minimum wage. At the start of 2025, the minimum wage will go from $12 per hour to $12.41 per hour.
Now, this has been a steady increase since the first initiative back in 2020 to eventually get the minimum wage to 15 dollars.
Back in 2023, the U.S. Bureau of Labor Statistics announced an annual increase of 3.4% annually. According to the Virginia Department of Labor and Industry, the rate will continue to adjust by the same requirement.
Watch related coverage: Secretary of Navy, Labor promote maritime industry during visit to Newport News
Secretary of Navy, Labor promote maritime industry during visit to Newport News
Car insurance will also see some changes in 2025. The Liability insurance Policy will be increased.
For Injury or death of one person it will increase to $50,000, $100,000 for injury or death of two or more people and property damage will increase to $25,000.