§ 20.50.120. Escalation of dollar limitations.  


Latest version.
  • All monetary amounts referenced in this chapter shall be adjusted annually by the Director following publication of the preceding year's annual Consumer Price Index. Monetary amounts shall be adjusted by the preceding year's percentage change in the annual Consumer Price Index for all urban consumers (CPI-U) Seattle-Tacoma-Bremerton, WA metropolitan area, All Items, (1982-84 = 100), or a successor index thereto, as determined by the U.S. Department of Labor, Bureau of Labor Statistics. The intent of this adjustment is to eliminate the effects of inflation or deflation on purchasing power and the authority granted by this chapter. All such monetary amounts, as adjusted, shall be rounded upwards to the nearest thousand dollars.

(Ord. 123361, § 308, 2010; Ord. 121722 § 13, 2005; Ord. 120794 § 43, 2002: Ord. 120181 § 70, 2000: Ord. 119651 § 4, 1999: Ord. 118397 § 56, 1996: Ord. 116000 § 12, 1991: Ord. 112334 § 10, 1985; Ord. 108762 § 14, 1980.)