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2.4%2.8% <br />4.6%5.4% <br />0.1%0.0% <br />-5% <br />0% <br />5% <br />10% <br />15% <br />2020 2021 2022 2023 2024 2025 <br />Three-year Averages and Future Assumptions <br />cpi avg rev avg COLA <br />Sample COLA scenario <br />•3-year average rates of growth of <br />CPI and general revenues <br />•Assumes 0% revenue growth <br />2024 and 2025 <br />•Assumes 4% CPI <br />Policy Example <br />•“lesser of” = COLA for next <br />budget year <br />•Unless negative, then COLA = 0% <br />Suggested next steps <br />•COLA equal to other EEs for now, 3% <br />•Continue to work the topic toward countywide <br />policy ahead of union contract renewal in late 2024