Volatility of the Personal Income Tax Base

Feb 8, 2017 - In addition, under federal and state tax laws, essentially none of the items classified as employer ‑paid benefits are taxable at the time the contribution is made. For example, California does not tax pension contributions when they are made but rather taxes pension income employees receive in retirement.
https://lao.ca.gov/Publications/Report/3548

The 2025-26 Budget: Business, Consumer Services and Housing Agency Reorganization [Publication Details]

Feb 25, 2025 - In this post, we provide background on state agencies in California government in general; the Business, Consumer Services, and Housing (BCSH) Agency, in particular; and the process for reorganizing state government. Next, we describe our understanding, based on discussions with the administration and available information at this time, of the Governor’s intent to reorganize BCSH.
https://lao.ca.gov/Publications/Detail/4987

The 2025-26 Budget: Business, Consumer Services and Housing Agency Reorganization

Feb 25, 2025 - Figure 1 California ’s Seven State Agencies Vary in Size 2024 ‑25 Enacted Budget (Dollars in Thousands) State Agency Business, Consumer Services and Housing 3,443,387 161,995 a State funds include General Fund, special funds, and bond funds.
https://lao.ca.gov/Publications/Report/4987

2010 Initiative Analysis: Divestment of State Retirement Funds from Israel Act

Members of CalPERS and CalSTRS' pension systems now receive or, in the future, are eligible to receive defined pension benefits from one or both of the systems. Pension Financing and Investments. To fund the benefits, CalPERS and CalSTRS collect contributions from the state, other public employers, and/or public employees themselves.
https://lao.ca.gov/ballot/2010/100559.aspx

MOU Fiscal Analysis: Bargaining Unit 18 (Psychiatric Technicians)

Jan 9, 2020 - For both pensions and retiree health benefits, the state ’s policy generally is that employees and the state each contribute one-half of the normal cost to prefund the benefit and the state takes full responsibility of any unfunded liabilities.
https://lao.ca.gov/Publications/Report/4134

^[PDF] California Public Divest From Israel Act

Summary of Fiscal Effect This measure would result in the following fiscal effect:  Assuming that provisions of the State Constitution or other factors result in pension systems divesting only a limited portion of their Israeli-related investments, there probably would be little or no change in state and local government pension contributions.
https://lao.ca.gov/ballot/2010/100067.pdf

^[PDF] State Teachers' Retirement System

Current pensions are maintained at 80 percent purchasing power protection. Salary for Calculating Pension. The measure changes the salary used to calculate pension benefits to the one-year period with the highest pay.
https://lao.ca.gov/ballot/2003/031078.pdf

The 2020-21 Budget: Proposition 98 Education Analysis

Feb 24, 2020 - We analyze the Governor’s proposals for State Preschool in The 2020‑21 Budget: Early Education Analysis. In our January report, The 2020‑21 Budget: School District Budget Trends , we provide detailed information about compensation, staffing, pensions, and other cost pressures affecting school district budgets.
https://lao.ca.gov/Publications/Report/4174

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Address Pension Liabilities and Costs. The state has a number of options for allocating funds that would improve the funding status of the pension systems and/or provide cost relief for districts. For example, the state could use one ‑time funds to pay down pension liabilities more quickly, which would also tend to lower district costs over the next several decades.
https://lao.ca.gov/Publications/Report/4473

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - Rising Pension Costs Contribution Rates Expected to Grow. In recent years, CalPERS has changed a number of actuarial assumption it uses to determine employer contributions to the pension system. These assumption changes combined with investment losses have resulted in the state ’s contribution rate for employee pension benefits to increase significantly over the past decade.
https://lao.ca.gov/Publications/Report/3847