New York Post
The bill's latest version would exclude businesses that make less than $1 million in revenue annually from having to pay their workers more than the state's current minimum wage of $7.25 an hour.
But the legislation would force all businesses that receive a minimum of $100,000 in city subsidies to pay workers $10 an hour plus benefits, or $11.50.
The move to exempt small businesses was included to try to win the crucial support of City Council Speaker Christine Quinn, who did not hold a hearing on last year's proposed legislation.
Council members Annabel Palma and Oliver Koppell, both Bronx Democrats, will reintroduce the amended bill, sources told The Post.
Mayor Bloomberg adamantly opposed the earlier version, and business groups called it a job-killer.
A Bloomberg spokesman declined comment on the redrafted bill.