The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - We recommend the Legislature begin to consider how the state might address the budget ’s ongoing problem. For example, using some of the windfall to make supplemental pension payments would reduce the multiyear structural deficit.
https://lao.ca.gov/Publications/Report/4309

California Community Colleges—Managing Cash in a Time of State Payment Deferrals [Publication Details]

Dec 18, 2020 - California Community Colleges—Managing Cash in a Time of State Payment Deferrals [Publication Details] California Community Colleges—Managing Cash in a Time of State Payment Deferrals Format: HTML Description: To help address the state’s large budget deficit as estimated in June 2020, the 2020-21 budget package deferred a substantial amount of General Fund payments to schools and the California Community Colleges (CCC).
https://lao.ca.gov/Publications/Detail/4307

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - (Other options for using one ‑time Proposition  98 settle ‑up funds include addressing student learning loss and reducing districts ’ unfunded pension liabilities.) Two Main Options Regarding Timing.
https://lao.ca.gov/Publications/Report/4307

An Analysis of University Cash Management Issues [Publication Details]

Nov 10, 2020 - An Analysis of University Cash Management Issues [Publication Details] An Analysis of University Cash Management Issues Format: HTML Description: In contrast to the state, the California State University and the University of California typically do not face cash timing issues.
https://lao.ca.gov/Publications/Detail/4293

An Analysis of University Cash Management Issues

Nov 10, 2020 - UC Has Been Borrowing to Make Pension Contributions. In addition to shifting funds into its long-term investment account, UC has borrowed funds internally from its short-term investment account and externally using bonds to help make its annual pension contributions.
https://lao.ca.gov/Publications/Report/4293

An Analysis of University Reserves

Nov 10, 2020 - State law is silent even on whether the state or the universities are responsible for helping campuses respond to downturns. Moreover, state law offers no guidance on either minimum or maximum university reserve levels.
https://lao.ca.gov/Publications/Report/4295

An Analysis of University Reserves [Publication Details]

Nov 10, 2020 - Importantly, though the state viewed the universities’ reserves as a budget tool for mitigating funding reductions this year, state law is silent on the level of reserves CSU and UC are to carry, the purposes of those reserves, and the interaction of those reserves with the state’s reserves.
https://lao.ca.gov/Publications/Detail/4295

The 2020-21 Spending Plan: Higher Education

Oct 16, 2020 - Repurposes Prior Pension Payment to Reduce District Costs Over the Next Two Years. The 2019 ‑20 budget plan included $3.2 billion non-Proposition 98 General Fund for certain pension payments the state was scheduled to make on behalf of schools and colleges.
https://lao.ca.gov/Publications/Report/4284

The 2020-21 Spending Plan: Higher Education [Publication Details]

Oct 16, 2020 - This post summarizes the state’s 2020-21 spending package for higher education. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget. In this post, we cover spending for the California Community Colleges, California State University, University of California, and student financial aid.
https://lao.ca.gov/Publications/Detail/4284

The 2020-21 Budget: Immigrant Legal Services at the Public Higher Education Segments [Publication Details]

May 21, 2020 -
https://lao.ca.gov/Publications/Detail/4239