Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate education advisers present inflation outlook that raises adequacy assumptions
Summary
An economist told the Senate Education Committee that two subscription services give differing CPIU forecasts for the FY22–23 biennium—IHS 3.77% and Moody’s 4.93%—producing a simple average of about 4.35% for the period (roughly 2% annualized), which lawmakers said they will factor into adequacy deliberations.
An outside economist told the Senate Education Committee that commonly used inflation measures point to higher costs over the next biennium, a development members said should inform their adequacy work.
Mr. Richard Wilson, who briefed the panel, said the two subscription services the Bureau of Legislative Research uses produced different CPIU (all‑urban CPI) estimates: “The IHS numbers come out right now to 3.77” for the biennium, while “Moody’s [is]…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
