§ 4-5-140 — Annual adjustment

4-5-140 Annual adjustment.

(a) Beginning in 2026, on or before October 1 of each year, the Commissioner shall determine the percentage change in the Consumer Price Index for All Urban Consumers, US City Average (“CPI-U”) from January 2025 to January of the present year and prepare a schedule of the monetary values set forth in Sections 4-5-110 and 4-5-120 increased in proportion to any positive change in the CPI-U. (b) The Commissioner shall round values as follows: if the original amount is less than $500.00 to the nearest increment of $5.00, and if the original amount is at least $500.00 to the nearest increment of $50.00. (c) Schedules prepared in accordance with this section and published on the city's public website shall take effect on January 1 of the succeeding year. (Added Coun. J. 12-19-25, p. 38125, Art. XV, § 3)