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Commissioner queries staff on a discrepant percent figure; clerk corrects error
Summary
During the Aug. 5 special meeting, a commissioner flagged a conflicting percent-change figure on staff materials; Elizabeth Carter acknowledged the discrepancy and confirmed the figures presented in the report were correct.
During a brief question-and-answer period, a commissioner asked about a different figure shown on a staff sheet that indicated a total percent change of -1.68. Elizabeth Carter apologized and acknowledged the discrepancy, telling commissioners, "You are correct. I apologize." She confirmed the report figures presented aloud at the meeting reflected the intended calculations.
Carter's presentation gave the 2026 CBOE cycle a reported total adjustment rate of 1.66% and compared that to prior nonvaluation years (transcript cites previous figures as 2020: "1.1", 2022: "0.6", 2024: "3.1"). The transcript did not explicitly include percent symbols for some historical comparison figures; staff clarified the figures during the meeting when asked.
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