Projected Cola For Fiscal Year 2024-25. While the cola was less, the federal reserve’s target for inflation is 2%—obviously, that target has not been reached despite. The result is that more and more seniors are facing bigger tax bills every year.

We are pleased to see the proposition 98 guarantee slightly up from its projected value but disappointed in the average daily attendance decline, with cola at. In cbo’s projections, real consumer spending increases by 1.3 percent in 2024, roughly half of last year’s growth rate, and then rebounds in 2025 to grow by 1.9 percent.