Document Date
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Document Type
Meeting Date
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8
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FY23 Budget Challenges
Annual Inflation from May 2022: 8.6% City-specific inflation rates:
Fuel Oil 107% Diesel Fuel >28%
Gasoline 49% Gasoline >22%
Natural Gas 30% Heating Oil >20%
Food 10% Winter Salt 45%
Shelter 6% Health Insurance 12%
Electricity 12% Liability Insurance [1%
Construction Materials
e Lumber 300%
e¢ Steel 200%
Source: U.S. Bureau of Labor Statistics
FY23 BUDGET PRESENTATION JUNE 21, 2022
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