A. All water and sewer rates shall be subject to an adjustment beginning with the first full billing period of 2023 and each year thereafter equal to the annual percentage increase in the United States Consumer Price Index, Seattle area (“CPI-U”) for June of the preceding year as shown in the release from the Bureau of Labor Statistics, unless the city council determines by December 31st of any year that the adjustment shall be another amount or shall not occur for the next year. The city’s finance director is responsible for the adjustment process.
B. In calculating the annual adjustment, the city shall round off all final calculations to the nearest cent where the rate provides for cents and to the nearest dollar where the rate does not provide for cents.
(Ord. 82-20 § D(4), 1982; Ord. 83-01 § 1, 1983; Ord. 87-05 § 1, 1987; Ord. 99-55 § 1, 1999; Ord. 2000-49 § 1, 2000; Ord. 2009-40 § 1, 2009; Ord. 2012-03 § 1, 2012; Ord. 2019-14 § 1, 2019; Ord. 2023-02 § 1, 2023)