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NYC Mayor's Office of Environmental Coordination

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Local Law 86 Inflation Factors

LOCAL LAW 86 INFLATION FACTORS
  



In accordance with LL86, the Director of the Mayor’s Office of Environmental Coordination is required, each year, to publish inflation factors for city agencies and others to use to adjust cost threshold criteria cited in the law.  The law defines the factor to be used each calendar year as the annual twelve month average of the consumer price index published by the U.S. Department of Labor.  A table of LL86 Cost Threshold Criteria applies these factors to the $500,000, $1,000,000, $2,000,000, $10,000,000, $12,000,000, and $30,000,000 cost criteria cited in the law and rules for calendar years 2007 through 2014. The factors themselves are listed below. 

Calendar Year 2014
For the year beginning January 1, 2014, a 1.5% inflation factor shall be used to adjust the cost threshold criteria in LL86 above the inflation adjusted criteria of the previous calendar year.

Calendar Year 2013
For the year beginning January 1, 2013, a 2.1% inflation factor shall be used to adjust the cost threshold criteria in LL86 above the inflation adjusted criteria of the previous calendar year.

Calendar Year 2012
For the year beginning January 1, 2012, a 3.2% inflation factor shall be used to adjust the cost threshold criteria in LL86 above the inflation adjusted criteria of the previous calendar year.

Calendar Year 2011
For the year beginning January 1, 2011, a 1.6% inflation factor shall be used to adjust the cost threshold criteria in LL86 above the inflation adjusted criteria of the previous calendar year.

Calendar Year 2010
For the year beginning January 1, 2010, a 0.4% inflation factor shall be used to adjust the cost threshold criteria in LL86 below the inflation adjusted criteria of the previous calendar year.

Calendar Year 2009
For the year beginning January 1, 2009, a 3.8% inflation factor shall be used to adjust the cost threshold criteria in LL86 above the inflation adjusted criteria of the previous calendar year.

Calendar Year 2008
For the year beginning January 1, 2008, a 2.8% inflation factor shall be used to adjust the cost threshold criteria in LL86 above such criteria in the original law.