Miami Beach’s City Commission has voted unanimously to create a citywide minimum wage proposed by Mayor Philip Levine that is higher than both the state and federal minimum wages.

Only businesses that have a business license with the city of Miami Beach and are required to pay the federal minimum wage will be required to pay the new citywide minimum.

The federal minimum wage is currently $7.25 an hour, while the Florida state minimum wage is $8.05 an hour. Starting on Jan. 1, 2018, the Miami Beach minimum wage will be set at $10.31 an hour, and increase a dollar a year until 2021, when it will reach $13.31, a 65% increase. Thereafter, the City Commission will have the discretion to increase the minimum wage further using the local consumer price index.