The 2019-20 Budget: Overview of the Governor's Budget [Publication Details]

Jan 14, 2019 - Although the Governor’s allocation to discretionary reserves represents a smaller share of resources than recent budgets, the Governor’s decision to use a significant share of resources to pay down state debts is prudent.
https://lao.ca.gov/Publications/Detail/3916

Analyzing Recent Changes to State Support for Fiscally Distressed Districts

Dec 20, 2018 - Under the changes in Chapter  426, the state is delegating this key oversight role to COEs, which may not share the state ’s interests or feel the same level of obligation to retire the state loan. State Offers Independent, External Perspective to Districts in Fiscal Distress.
https://lao.ca.gov/Publications/Report/3914

Analyzing Recent Changes to State Support for Fiscally Distressed Districts [Publication Details]

Dec 20, 2018 - Analyzing Recent Changes to State Support for Fiscally Distressed Districts [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3914

Cal Facts 2018 [Publication Details]

Dec 6, 2018 - With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state's economy, revenues, and major program trends.
https://lao.ca.gov/Publications/Detail/3905

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Pension Rates and Costs Have Been Growing. School and community college employees generally participate in one of two state pension systems. The California State Teachers ’ Retirement System administers pension benefits for teachers, administrators, and other certificated employees, whereas the California Public
https://lao.ca.gov/Publications/Report/3897

CalSTRS Funding Update

Jul 19, 2018 - In addition, CalSTRS receives an annual appropriation from the state General Fund. CalSTRS is unique in that it is the only pension system in California for which the state makes a direct appropriation on behalf of local agencies.
https://lao.ca.gov/Publications/Report/3873

CalSTRS Funding Update [Publication Details]

Jul 19, 2018 - In May 2018, the California State Teachers’ Retirement System (CalSTRS) released an update on the financial position of the pension system, which was largely in line with expectations. This post summarizes the update, which contains the latest estimates of the unfunded liability and contribution rates required for districts, employees, and the state.
https://lao.ca.gov/Publications/Detail/3873

The 2018-19 Budget: Analysis of the May Revision Education Budget Proposals

May 14, 2018 - (The California School Boards Association sued the state over its previous action not to rebench the guarantee. A trial court ruled against the state in late 2016, and the state is in the midst of appealing that decision.)
https://lao.ca.gov/Publications/Report/3834

The 2018-19 Budget: A Guide to Understanding Potential Changes in the Proposition 98 Guarantee

May 7, 2018 - The state budget typically provides an annual COLA for certain school and community college programs. State law links this COLA to a national price index developed by the Bureau of Economic Analysis (a division of the U.S.
https://lao.ca.gov/Publications/Report/3823

The 2018-19 Budget: Update on State Funding for K-12 School Facilities

May 3, 2018 - For both types of projects, the state can contribute up to 100  percent of project costs if districts face challenges in raising their local shares. Several State Bonds Approved Early On but State Funding Exhausted by 2012.
https://lao.ca.gov/Publications/Report/3821