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Board reviews annual CPI-based planning figure of 3% for next fiscal-year salary planning; estimated $33,000 cost
Summary
Board reviewed the consumer-price-index-based planning figure of 3% (March-to-March) for salary-range adjustments and heard staff estimate the cost to the district at about $33,000 for planning purposes; final approval will be part of the June budget adoption.
The board reviewed its annual planning for an economic adjustment to salary ranges and wages. Staff recommended using the March-to-March Consumer Price Index for the Los Angeles area (3%) as the planning figure for next fiscal-year salary-range adjustments.
Staff explained the CPI figure is used for budget planning and that the adjustment affects salary ranges and steps, not individual appointments. The estimated cost to the district for applying a 3% adjustment to salary ranges and associated payroll taxes is about $33,000; staff noted the actual increase will be finalized as part of the June budget process.
Directors asked why the Los Angeles CPI is used; staff said it is the closest available CPI index for the region. The board did not vote on an increase at this meeting — the figure is a planning assumption for the finance committee and will be adopted as part of the district’s budget in June.
