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      Michigan set to raise minimum wage to $9.25 hour

      The current hourly wage is $7.40.

      LANSING, Mich. (AP) - Michigan's Republican Gov. Rick Snyder says he will quickly sign legislation gradually raising the state's minimum wage to $9.25 an hour by 2018 to preclude a pending ballot initiative to increase the hourly minimum to $10.10.

      The current hourly wage is $7.40.

      The Republican-led House voted 76-34 and the GOP-controlled Senate 24-12 Tuesday to send the bill to Republican Gov. Rick Snyder, who's expected to sign it later in the evening.

      The compromise was struck a day before a committee turns in petition signatures for a higher minimum wage hike.

      The bill going to Snyder includes a provision requiring the minimum wage to grow with inflation once it hits $9.25 an hour. It also would raise the wage for workers who get tips to 38 percent of the minimum wage.(Copyright 2014 by The Associated Press. All Rights Reserved.)