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Committee hears CPI-based transfer increase; no separate vote required
Summary
Staff told the Budget Rights Committee the city’s general fund transfer will rise by 2.61% — from $15,118,720 to $15,511,806, an increase of $393,086 — under an existing CPI-policy cap of 3%. Committee members clarified the CPI series used and confirmed no further committee action is required at this time.
Staff presented the annual CPI-based adjustment for the city general fund transfer, saying the December 2024 CPI for the Atlanta–Sandy Springs area was 2.61%. "With the 2.61% increase, it'll increase it to $15,511,806," said the staff member (Speaker 4), adding the increase equals $393,086 and that policy caps adjustments at 3%.
Committee members asked which CPI series was used; Speaker 4 said the local Atlanta–Sandy Springs CPI was the basis, which the committee has used in prior years. One committee member contrasted that with the U.S. Bureau of Labor Statistics national figure for the same period (2.9%). Because the methodology is already adopted in policy, staff said the transfer will be incorporated into the final budget and does not require a separate committee or board vote now.
Staff also reminded the committee that final budget approval — which will reflect the adjusted transfer amount — is scheduled with the overall budget in May. Members asked about reserves and staff said the agency has a healthy reserve position and expects year-end settlement receipts to further strengthen the budget.
