Beginning January 1, 2002, and continuing every January 1 thereafter, the $21,259 income limitation shall be automatically adjusted by the percentage of change in the average cost-of-living index in the period of January 1 through December 31 of the prior year as compared to the same period for the year prior to that year. As used herein, the term INDEX shall be the average of the monthly consumer-price index figures for the stated 12-month period, for the United States as a whole, issued by the United States Department of Labor.
(Ord. 430, passed 11-12-2002)