The State Superintendent of Public Instruction (State Superintendent) is required to annually adjust the $50,000 amount specified in PCC Section 20111(a) to reflect the percentage change in the annual average value of the Implicit Price Deflator for State and Local Government Purchases of Goods and Services for the United States, as published by the United States Department of Commerce, Bureau of Economic Analyst (BEA) for the 12-month period ending in the prior fiscal year. The inflation adjustment is rounded to the nearest one hundred dollars ($100).
Pursuant to the above calculation, and effective January 1, 2024, the State Superintendent has determined that the inflation-adjusted bid threshold will increase from $109,300 to $114,500.
For more information, please visit the California Department of Education website.