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Board approves CPI index update for Measure M and allocation plan for 2025–26
Summary
Trustees approved using the Los Angeles–Long Beach–Anaheim CPI to compute the parcel tax adjustment and adopted a revised allocation plan that shifts some program funding between Measure M, lottery and the general fund; the CPI change would set the 2025–26 parcel assessment at about $548.36 per parcel.
The Palos Verdes Peninsula Unified Board of Education voted May 28 to accept the Citizens Oversight Committee's recommendation to change the index used for annual adjustments to the parcel tax (Measure M). Staff and the oversight committee recommended replacing the discontinued CPI-U (California) series with the Los Angeles–Long Beach–Anaheim CPI for calculation of the parcel-tax Consumer Price Index (CPI)…
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