Commencing January 1, 2003, and each January 1 thereafter, the $20,000 annual income limitation provided for in this code shall be adjusted annually and applicable as of January 1 of that year. The annual income limitation shall be adjusted by the percentage of change in the average-cost-of-living index for the immediately preceding calendar year compared with the average of the monthly consumer-price index figures for the stated period, relative to the United States as a whole, issued by the United States Department of Labor.
(Ord. 2002-03, passed 4-17-02)