Inflationary Effect on License Fees
Year
License Cost
Inflation Factor
1985
12.75
0.036
1986
13.21
0.019
1987
13.46
1988
13.94
0.041
1989
14.52
0.048
1990
15.21
0.054
1991
16.03
0.042
1992
16.71
0.03
1993
17.21
1994
17.73
0.026
1995
18.19
0.028
1996
18.70
0.029
1997
19.24
0.023
1998*
19.68
0.016
*License increase did not cover inflationary effect.
1999
20.00
0.022
2000
20.44
0.034
2001
21.13
2002
21.72
2003
22.07
2004
22.58
0.027
2005*
23.19
0.035
*Projected
2006*
24.00
0.031
*Average Inflation from 1985 to 2005
2007
24.74
2008
25.51
2009
26.30
2010
27.11
2011
27.96
2012
28.82
2013
29.72
2014
30.64