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HomeMy WebLinkAboutCOLA CALCULATION SHEETCalculation of Cost of Living Adjustment (COLA) Using the Consumer Price Index (CPI) for the Month of January Year American City and County Bureau of Labor Statistics* Percent Change From Prior Year COLA Adopted 2007 202.416 4.00% 2008 211.080 4.28%2.10% 2009 211.143 0.03%4.30% 2010 216.687 2.63%0.00% 2011 220.223 1.63%3.10% 2012 227.500 226.665 2.93%1.60% 2013 231.200 230.280 1.59%2.90% 2014 234.900 233.916 1.58%2.00% 2015 234.700 233.707 -0.09%1.61% 2016 236.916 1.37%0.00% 2017 239.46 242.839 2.50%1.28% 2018 246.71 247.867 2.07%2.50% 2019 2.07%Recommended Average 2.11% 9,126,815$ 188,971$ Current Annual Salaries for Full Time Employees Increase If adopt Recommended COLA in Fiscal Year 2019 Approximately 49% of Wages/Benefits in General Fund