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You can see we haven't been keeping up with others in our cost of living increases," Stewart said.
While education spending is expected to continue growing with the new high school in 2006, the town is projected to benefit from savings generated from the recently negotiated teachers' union contract with cost of living increases through 2008 below the state average of up to 4%, and increased personnel contributions to health benefits.
Dupre said the cost of living increases would not be funded by taxpayers, but achieved by the teachers as they agreed to take a half-year pay freeze to fund the increases.
In 1979, Californians passed an expenditure limitation law, Proposition 4, that effectively limited state spending increases during economic expansions to the sum of population growth and cost of living increases.
High cost of living increases were a very important upward pay pressure according to 32 per cent of manufacturers.
He also said that the SDG&E Board amended the SERP nine times between 1985 and 1992, substantially increasing benefits for officers who had not retired, and also restated word-for-word the key paragraph in the original contract relating to cost of living increases based on the Cost of Living Index.
This tax will go up as the cost of living increases.
Twenty-eight percent of small businesses have been forced to significantly increase salaries, not including cost of living increases, to match market value and retain current employees.
PHOTO (1 -- 2) Los Angeles County employees held a lunchtime protest Thursday, left, demanding raises for the almost 81,000 workers who have gone without cost of living increases for at least four years.
But despite those attacks, the idea of limiting the annual cost of living increases has attracted significant support among deficit hawks in Congress, just because the potential savings are so large.
Social Security accountants have said if the cost of living increases were trimmed by 1 percentage point annually, it would eliminate two-thirds of the deficit Social Security is currently facing.
Opponents also said the cost of living allowances are woefully inadequate, especially considering the employees have received only 35 cents a week over three years for cost of living increases.