Council backs using July‑to‑July CPI as baseline and discusses Oct. 1 implementation option
Council and staff agreed to use a July-to-July CPI window as the baseline for COLA moving forward but discussed implementation timing (apply Oct. 1 or amend the budget later) because July CPI is published after the first public hearing window.
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Budget committee and staff recommended adopting a consistent CPI window — July to July — as the baseline for future COLA calculations to create predictability in the budget process. "That 12 months, whatever that CPI is, will be the final CPI we use for the budget," Nash told council when explaining the committee recommendation.
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