A. Except as provided in subsection E of this section, the expenditure limitations set forth in Section 2.14.050 of Article III of this chapter shall be adjusted in the first quarter of every odd-numbered year to reflect any increase or decrease in the cost of living over the previous two-year period, as shown by the Bureau of Labor Statistics Consumer Price Index for All Urban Consumers (CPI-U). Such adjustments shall be rounded off to the nearest thousand dollars.
B. Except as provided in subsection E of this section, the matching public fund amounts set forth in Section 2.14.140 of Article IV of this chapter shall be adjusted in the first quarter of every odd-numbered year so that the maximum funds made available in a council race is equal to forty (40) percent of the expenditure limitations, as adjusted under subsection A of this section, and the maximum funds made available in a mayoral race is equal to twenty (20) percent of the expenditure limitations, as adjusted under subsection A of this section.
C. Except as provided in subsection E of this section, no later than March 31st of each odd-numbered year, the city clerk shall bring forth to the city council an ordinance amending the expenditure limitation amounts set forth in Section 2.14.050 of Article III of this chapter and the matching public fund amounts set forth in Section 2.14.140 of Article IV of this chapter to reflect the increase or decrease in the CPI-U pursuant to this section.
D. In addition to, or in lieu of, the cost of living adjustments provided for in subsections A and B of this section, the city council may adjust the expenditure limits and matching public funds amounts set forth in this chapter at any time and in the amounts that it determines to be appropriate.
E. The expenditure limitation amounts set forth in Section 2.14.050 of Article III of this chapter and the matching public fund amounts set forth in Section 2.14.140 of Article IV of this chapter shall not be adjusted to reflect any increase or decrease in the cost of living over the previous two-year period as provided in this section in any budget year in which funds for public funding of campaigns are not included in the Campaign Reform Budget Unit. (Ord. 2009-020 § 8; Ord. 2005-071 § 16: 3Ord. 2003-046 § 1)