A. All business license taxes payable for the ensuing years after the period of January 1, 1976, through December 31, 1976, with the exception of rates set forth in Section 5.16.170, shall be adjusted upward or downward, automatically, five percent for each cumulative five percent change in the Consumer Price Index as published by the United States Department of Labor, Bureau of Labor Statistics, for the San Francisco Bay Area, based on the Consumer Price Index of September 30, 1975 (1967 = 100).
B. The license administrator shall compute said changes in business license tax rates and cause said adjusted business license tax rates to be published in the city's designated official newspaper within sixty days after publication, by the bureau of labor statistics, of the San Francisco Bay Area Consumer Price Index upon which such adjustment is based. (Ord. 338 § 43, 1975).