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Committee hears support for switching DNR aquatic-lease inflation metric from PPI to CPI in SB 5656
Summary
Senate Bill 5656 would change the index DNR uses to adjust annual water‑dependent lease rents from the Producer Price Index to the Consumer Price Index (Seattle area), a change DNR and marina operators said would reduce year‑to‑year volatility and improve budgeting predictability.
Senate Bill 5656 would change the inflation metric the Department of Natural Resources (DNR) uses to adjust annual water‑dependent lease rents from the Producer Price Index (PPI) to the Consumer Price Index (CPI), using a Seattle‑area CPI series.
DNR staff and marina‑industry witnesses told the House Agriculture & Natural Resources Committee the PPI has been more volatile than CPI, producing large year‑to‑year swings that make budgeting difficult for marinas and other lessees. The agency said the change would not alter the underlying water‑dependent rent calculations or…
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