Committee hears competing methods for regional cost adjustment; hedonic index outdated, experts say
Committee members discussed the regional cost adjustment (RCA) used to modify district funding for local labor and living costs. Consultants described three indices in current use — Wyoming Cost of Living Index, hedonic index, and a comparative wage index — and recommended a renewed review.
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Consultants outlined how Wyoming’s model adjusts funding for regional differences in labor and living costs and described three approaches the state has used or considered: the Wyoming Cost of Living Index (WCLI), a hedonic index, and a comparable wage index.
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