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Ination <br />Ination is an important factor, directly impacting City revenues and expenditures. Ination-sensitive revenue, such as sales <br />and business license taxes, make up a signicant portion (45%) of the General Fund budget. <br />Ination in the Bay Area has increased on the average of 3.0% over the last ve years. <br />CONSUMER PRICE INDEX (CPI) <br />Annual average change from previous year <br />Source: U.S. Department of Labor Statistics for <br />Consolidated Metropolitan Statistical Area covering San Francisco-Oakland-San Jose <br />Changes in funding for many revenues include adjustments consistent with changes in Bay Area ination. The latest 2022 CPI <br />of 4.9% marks a noticeable increase in the CPI rate over the past two years. <br />The established growth index for the 9-1-1 Emergency Communication Access Tax, Emergency Medical Services Tax, and the <br />Business License Tax is the CPI change of 4.9% for 2023-24. <br />City of San Leandro | Proposed Biennial Budget FY24-25 Page 28