The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - Retirement Liabilities State Pensions Funded From Three Sources. The state provides pension benefits to retired state and California State University employees through the CalPERS pension system. CalPERS pensions are funded from three sources: investment gains, employer contributions, and employee contributions.
https://lao.ca.gov/Publications/Report/3797

Building Reserves to Prepare for a Recession

Mar 7, 2018 - California , a state appellate court found the state was responsible for a levee failure along the Yuba River in 1986. The state eventually paid a $ 464  m illion settlement to the nearly 3, 000 p laintiffs.
https://lao.ca.gov/Publications/Report/3769

Building Reserves to Prepare for a Recession [Publication Details]

Mar 7, 2018 - Building Reserves to Prepare for a Recession [Publication Details] Building Reserves to Prepare for a Recession Format: HTML Description: Reserves are of critical importance to the health of the state's budget.
https://lao.ca.gov/Publications/Detail/3769

The 2018-19 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2018 - This publication is our office’s initial response to the Governor’s 2018-19 budget. In the proposed plan, the Governor places a high priority on building reserves, proposing a total reserve balance of nearly $16 billion. We believe the Governor’s continued focus on building more reserves is prudent in light of economic and federal budget uncertainty.
https://lao.ca.gov/Publications/Detail/3731

The 2018-19 Budget: Overview of the Governor's Budget

Jan 12, 2018 - The state has taken such an approach the past several years. Setting aside some funds for one ‑time purposes helps the state avoid overcommitting to programs it might be unable to sustain during tighter fiscal times.
https://lao.ca.gov/Publications/Report/3731

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - The Fiscal Outlook considers potential future requirements under Proposition 2 (2014)—including required rainy day fund deposits and payments toward certain state debts. Some have asked whether Proposition 2 debt funding payments can be used to reduce liabilities of teacher and other public employees' pension plans.
https://lao.ca.gov/Publications/Report/3727

Long-term Capacity for Debt Payments Under Proposition 2 [Publication Details]

Dec 21, 2017 - Our recent Fiscal Outlook publication considers potential future requirements under Proposition 2 (2014)—including required rainy day fund deposits and payments toward certain state debts. Some have asked whether Proposition 2 debt funding payments can be used to reduce liabilities of teacher and other public employees' pension plans.
https://lao.ca.gov/Publications/Detail/3727

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - The state fund where moneys generated from state auction or sale of allowances are deposited. Industry Assistance Factor. A factor, established by state law or regulation, that is used to determine the number of allowances given to certain industries for free to help prevent emissions leakage.
https://lao.ca.gov/Publications/Report/3719

Cap-and-Trade Extension: Issues for Legislative Oversight [Publication Details]

Dec 12, 2017 -
https://lao.ca.gov/Publications/Detail/3719

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - The near-term budget outlook is positive. Under our current estimates, the state would have $19.3 billion in total reserves (including $7.5 billion in discretionary reserves) at the end of 2018-19, assuming the Legislature makes no additional budget commitments. The Legislature can use discretionary resources to build more budget reserves, increase spending, and/or reduce taxes.
https://lao.ca.gov/Publications/Report/3718/1