Total Benefits for State and Local Government Workers is an index to measure the percent change in the cost to employers for providing benefits.   The types of benefits measured include: paid leave, overtime, insurance, retirement and savings, and legal required benefits like Social Security, Medicare, workers' compensation, and unemployment insurance.   The default view shows the 12-month percent change, but the index values are available too.  This data can help local governments know how much the cost of benefits is increasing for their workers, nationally.

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Total Benefits for State and Local Government Workers, U.S.

Total Compensation for Construction Workers is an index to measure the percent change in employer costs for wages and salaries and employee benefits.   The default view shows the 12-month percent change, but the index values are available too.  It can be useful to local governments when planning for capital and infrastructure improvements.

Total Compensation for Construction Workers, U.S.

Total Compensation for State and Local Government Workers is an index to measure the percent change in employer costs for wages and salaries and employee benefits.   While the default view shows the 12-month percent change in compensation for public administration workers, there are also data available for workers in education, health care and social assistance, and for all state and local government as a whole.   Index data are available too.  This data can help local governments know how much compensation costs are increasing for their workers, nationally.

Total Compensation for State and Local Government Workers, U.S.

The Inflation Rate Multiplier (IRM) is the change in consumer prices from one state fiscal year to the next.   It is used for two purposes: 1) to determine the change in a property's taxable value (which is limited to the lesser of the IRM or 5%) and 2) it is used to calculate to the "Headlee" Millage Reduction Fraction (MRF) for local and regional millage rates.  Regarding purpose #1, it is worth noting that limits to the change in a property's taxable value do not apply when the property is sold, or experiences demolitions and/or additions.   The Observed Inflation Rate Multiplier is the official IRM for that fiscal year (and is applied to the following assessment year), while the Estimated Inflation Rate Multiplier provides an early assessment of where the Observed IRM will fall.   Having an early assessment of the IRM helps aids local governments in their fiscal planning.

Inflation Rate Multiplier Estimate

The Producer Price Index measures the average change over time in the selling prices received by domestic producers for their output (a bit like the wholesale price for raw materials or services).  The default view shows the 12-month percent change, but the index values are available too.  PPI measures price change from the perspective of the seller and provides local governments with a glimpse into how wholesale prices are changing.

Producer Price Index, U.S.

The Producer Price Index for Construction Materials measures the average change over time in the selling prices received by domestic producers for their output (a bit like the wholesale price for raw materials or services).  The default view shows the 12-month percent change, but the index values are available too.  PPI for Construction Materials measures price change from the perspective of the seller and provides local governments with a glimpse into how wholesale construction material prices are changing.  Such changes can impact the cost and scale of projects important to local governments like infrastructure.

Producer Price Index for Construction Materials, U.S.

Taxable value is the value on which property taxes are calculated.   Millage rates are applied to taxable value to raise property taxes.   For a typical community, more than half of its local government revenue is from property tax. Changes in taxable value determines local governments’ capacity to provide services to residents and businesses.

Taxable Value Annual Percent Change (Real Property)

Wages and Salaries for State and Local Government Workers is an index to measure the percent change in the wages and salaries paid to state and local government workers.    While the default view shows the 12-month percent change in wages and salaries for public administration workers, there are also data available for workers in education, health care and social assistance, and for all state and local government as a whole.   Index data are available too.  This data can help local governments know how much wages and salaries are increasing for their workers, nationally.

Community Finance