ITEM TITLE:
Discussion Item: 2020 Budget Topic - Employee Cost of Living Adjustment (COLA)
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Provide consensus direction to staff
SUMMARY STATEMENT:
• The attached document illustrates the 2020 COLA calculation, using the most recent official Anchorage CPI data.
• If Council agrees to the methodology and cost, staff will incorporate the COLA into the 2020 City Manager Recommended budget.