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Attached Document:
06-ocfs-adm-09.pdf
OMM/OCFS/OTDA Materials: ADMs Issued by OCFS
06-OCFS-ADM-09: SFY 2006-2007 Cost-of-Living Adjustment (COLA) applicable to Maximum State Aid Rates (MSARs) effective October 1, 2006, through March 31, 2007
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The purpose of this Administrative Directive is to implement a provision of the State Fiscal Year 2006-7 Enacted Budget, which authorizes OCFS to apply a COLA, effective October 1, 2006 to all programs for which OCFS establishes Maximum State Aid Rates and Committee on Education Maintenance Rates, including rates for foster parents and adoption subsidies. The legislation defines the basis of the COLA as the most recent United States Congressional Budget Office estimate of the Consumer Price Index (CPI) for all urban consumers, and specifies the need to adjust for the difference between the projected CPI and the actual CPI in a future rate year. For October 1, 2006 through March 31, 2007, the COLA is 2.8 percent.
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Created: 12/27/2006
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