#InflationAdjustment

Citizen Portal News Alaska

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1 week ago

Representative Gray urges inflation index for Alaska's non-economic damage caps Sponsor Representative Gray and invited experts told the House Labor and Commerce Committee that Alaska's $400,000 cap on non‑economic damages has been eroded by inflation and that HB 316 would add an ongoing CPI‑based adjustment to preserve the legislature's 1997 intent; the committee set the bill aside for a later hearing.

Alaska's 30-year-old non-economic damage cap is losing its value to inflation, and a new bill aims to restore fairness for victims—will it succeed?

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#AK #AlaskaJustice #AccessToJustice #CitizenPortal #VictimCompensation #InflationAdjustment

Citizen Portal News Alaska

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2 weeks ago

House Judiciary Committee reports out bill to add inflation adjustment to non‑economic damages cap The House Judiciary Committee advanced HB 316 to add an inflation‑adjustment mechanism to the non‑economic damages cap for personal injury and wrongful‑death claims; the committee reported the bill out with individual recommendations and attached fiscal notes after brief questioning.

Alaska's House Judiciary Committee has taken a significant step by advancing a bill that could finally adjust non-economic damages in personal injury cases to keep pace with inflation.

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#AK #AlaskaJudiciary #CitizenPortal #PersonalInjuryReform #InflationAdjustment

Citizen Portal News Virginia

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1 month ago

Virginia Senate narrowly approves phased $15 minimum wage plan Senate Bill 1 would raise the state minimum wage incrementally to $15 by Jan. 1, 2028, tie future adjustments to CPI and codify intermediate steps; the measure passed the Senate by recorded vote, Ayes 20, Noes 19.

Virginia's Senate just passed a historic bill to raise the minimum wage to $15 an hour by 2028, igniting debate on economic stability versus regional differences.

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#VA #EconomicStability #WageReform #CitizenPortal #VirginiaMinWage #InflationAdjustment

Citizen Portal News Utah

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2 months ago

Lawmakers weigh modest, across-the-board Medicaid provider increase to stem provider exits A proposal to raise Medicaid reimbursement rates by about 2% across provider categories was presented as a structural way to shore up providers, leverage federal matching dollars and reduce service loss; sponsors said it is a limited, fiscally measured response to inflation and staffing pressures.

Lawmakers in Utah are considering a strategic 2% increase in Medicaid provider rates to combat provider exits and ensure vital care reaches those in need.

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#UT #CitizenPortal #InflationAdjustment #ProviderSupport #HealthcareFunding

Citizen Portal News Washington

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2 months ago

House bill would raise predesign threshold to reduce delays, sponsor says House Bill 2353 would raise the statutory predesign threshold for state-funded capital projects from $10 million to $15 million and require OFM to adjust that threshold annually for inflation beginning July 1, 2027; sponsor and witnesses said the change could reduce delays and save money on routine projects.

House Bill 2353 could revolutionize state-funded project timelines by raising the predesign threshold from $10 million to $15 million, potentially saving millions in costly delays.

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#WA #BudgetEfficiency #ProjectManagement #CitizenPortal #InflationAdjustment

Citizen Portal News Michigan

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9 months ago

Amanda West supports bill to change inflation index in Michigan Deputy Treasurer Amanda West endorses bill to update Michigan's inflation adjustment index.

Michigan's economic future hangs in the balance as lawmakers debate a crucial bill to update the inflation index—could this change reshape lives across the state?

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#MI #CitizenPortal #InflationAdjustment #LegislativeReform

Citizen Portal News Wisconsin

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10 months ago

Kenosha Water Commission approves 3% rate adjustment application amid inflation concerns Commission endorses water rate application to mitigate inflation impact on future rates.

Kenosha's Water Commission has just approved a 3% rate adjustment application to combat inflation and keep water rates competitive!

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#KenoshaKenoshaCounty #WI #CitizenPortal #PublicUtility #CommunityAffordability #InflationAdjustment #KenoshaWater

Citizen Portal News Alaska

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11 months ago

Amendment 11 raises dependent benefits from $23 to $72 in legislative session Legislators approve Amendment 11 to increase inflation-adjusted dependent benefits significantly.

Alaska lawmakers just approved a groundbreaking amendment to boost dependent benefits from $23 to $72, addressing inflation head-on for the first time in decades!

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#AK #AlaskaDependentBenefits #EconomicSupport #FamilyWellbeing #InflationAdjustment #CitizenPortal

Citizen Portal News Utah

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1 year ago

Commission sets new registration fee structure for vintage vehicles in 2024 Commission announces annual adjustments to vehicle registration fees beginning January 1, 2024.

Utah's new House Bill 514 could change vehicle registration fees forever, introducing annual adjustments tied to inflation and new charges for all vehicle owners.

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#UT #InflationAdjustment #CivicDiscussion #LocalGovAI #EconomicImplications

Citizen Portal News Minnesota

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1 year ago

Minnesota lawmakers eye budget deal amid projected $3.7 billion surplus Minnesota projects $3.7 billion surplus, paving the way for a timely budget deal.

Minnesota lawmakers are optimistic about crafting a budget deal with a projected $3.7 billion surplus on the horizon!

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#MN #FinancialStability #InflationAdjustment #CitizenPortal #MinnesotaBudget #CivicCollaboration

Julio C. Caceres

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1 year ago

IRS releases tax inflation adjustments for tax year 2025 | Internal Revenue Service IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.

IRS releases tax inflation adjustments for tax year 2025
#IRS #InflationAdjustment

www.irs.gov/newsroom/irs...