Cultivation, possession, and sale of marijuana. Version 7 [Ballot]

Feb 5, 2016 - Pursuant to the legislation, medical marijuana cooperatives are in the process of being phased out within a few years and replaced by state-licensed businesses that cultivate and distribute medical marijuana.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-120

The 2016-17 Budget: The State's Drought Response [Publication Details]

Feb 5, 2016 - Despite welcome storms early this winter, statewide drought conditions appear far from over.
https://lao.ca.gov/Publications/Detail/3343

Changes to how Californians vote. (Amendment No. 1) [Ballot]

Feb 3, 2016 - In addition, the measure specifies that the Legislature shall appropriate up to $1  million from the state ’s General Fund each calendar year for the commission ’s operating expenses. The measure further specifies that any costs incurred by SCO or DGS as a result of the measure would be reimbursed to those departments from the $20  million appropriation.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-117

Changes to how Californians vote. (Amendment No. 1) [Ballot]

Feb 3, 2016 - In addition, the measure specifies that the Legislature shall appropriate up to $1  million from the state ’s General Fund each calendar year for the commission ’s operating expenses. The measure further specifies that any costs incurred by SCO or DGS as a result of the measure would be reimbursed to those departments from the $20  million appropriation.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-118

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - Because the outcome of this calculation lacks meaning (and will be even more subjective and strange years from now), in our view it would be deeply problematic to base CalSTRS funding on this alternative universe calculation for decades to come .
https://lao.ca.gov/Publications/Report/3333

A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility”

Feb 2, 2016 - Figure 1 Projected State Costs Now Much Lower Than in 2014 a (In Millions) $1,086 a Assumes state payroll growth of 3.75 percent each year. b Assumes CalSTRS investment returns equal 7.5 percent each year beginning in 2015-16.
https://lao.ca.gov/Publications/Report/3337

A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - CalSTRS members mainly work at school and community college districts. In this series, we refer to CalSTRS members as “teachers ” for simplicity. Full Funding a Key Goal of Pension Policy. A pension system is fully funded when assets are sufficient to cover benefits already earned by employees and retirees.
https://lao.ca.gov/Publications/Report/3332

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - In other scenarios, investments underperform assumptions and the state ’s share of the unfunded liability —along with its funding plan contribution rate —increases steadily each year. In these scenarios, state contributions reach about 18 percent of payroll by the mid-2040s.
https://lao.ca.gov/Publications/Report/3336

A Review of the CalSTRS Funding Plan: Treatment of Teacher Contributions Also Increase District Unfunded Liabilities [Publication Details]

Feb 2, 2016 - This post is the fourth in a series looking at the implementation of the CalSTRS funding plan. Our third post explained how theoretical asset gains have increased the school and community college district share of CalSTRS’ unfunded liabilities. In this post, we continue this discussion by describing how CalSTRS’ treatment of teacher contributions has also increased the district share.
https://lao.ca.gov/Publications/Detail/3335

A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - We note that the calculation will become even more complex next year, as CalSTRS will begin to calculate the size of a second theoretical investment portfolio that will be factore d into the district share of the unfunded liability.
https://lao.ca.gov/Publications/Report/3334