HomeMy WebLinkAboutCOLA CALCULATION SHEETCalculation of Cost of Living Adjustment (COLA)
Using the Consumer Price Index (CPI-U) for the Month of January
Fiscal Year
American City
and County
Bureau of
Labor
Statistics*
Percent Change
From Prior Year
COLA
Adopted Index Source
2007 192.400 202.416 4.00%American City and County Municipal Index
2008 201.300 211.080 4.28%2.10%American City and County Municipal Index
2009 206.100 211.143 0.03%4.30%American City and County Municipal Index
2010 208.400 216.687 2.63%0.00%American City and County Municipal Index
2011 215.100 220.223 1.63%3.10%American City and County Municipal Index
2012 223.800 226.665 2.93%1.60%American City and County Municipal Index
2013 227.400 230.280 1.59%2.90%American City and County Municipal Index
2014 230.600 233.916 1.58%2.00%CPI-U Urban Consumer Average City Index
2015 233.500 233.707 -0.09%1.61%CPI-U Urban Consumer Average City Index
2016 236.916 1.37%0.00%CPI-U Urban Consumer Average City Index
2017 239.460 242.839 2.50%1.28%CPI-U Urban Consumer Average City Index
2018 246.710 247.867 2.07%2.50%CPI-U Urban Consumer Average City Index
2019 251.430 251.712 1.55%2.07%CPI-U Urban Consumer Average City Index
2020 255.560 257.971 2.49%1.55%CPI-U Urban Consumer Average City Index
2021 277.238 1.40%2.49%CPI-West Region Avg Urban Consumer Average City Index
2022 298.705 7.74%1.40%CPI-West Region Avg Urban Consumer Average City Index
2023 317.477 6.28%7.74%CPI-West Region Avg Urban Consumer Average City Index
2024 328.053 3.33%6.28%CPI-West Region Avg Urban Consumer Average City Index
2025 Recommended 3.33%CPI-West Region Avg Urban Consumer Average City Index
Prior 10 Year Adopted Average Adopted 2.86%
13,938,700$
875,972$
6,860,000$ 49%Percent in General Fund Departments
431,114$
CPI-U for West Region Average
FY 24 Current Budgeted
Wages Affected by COLA
Total Increase If adopt
Recommended COLA in
Fiscal Year 2025
General Fund Paid Wages
Affected by COLA
Increase in General Fund if
adopt Recommended COLA
in Fiscal Year 2025