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2025 Cost of Living Adjustment. <br /> <br />While a cost of living (COLA) increase is not guaranteed each year, the 2025 budget includes a <br />5% COLA adjustment for the City Clerk. The Social Security COLA for 2025 is 2.5%, while the <br />Minnesota COLA is currently estimated at 3.2%. The current inflation rate is estimated at 2.6%. <br /> <br />The action tonight is to discuss a possible COLA increase for 2025 to be effective with the first <br />payroll cycle in January 2025.