LAO answers some recent questions concerning CalSTRS unfunded liabilities

Mar 19, 2014 - In any event, addressing CalSTRS' funding problem will be a very expensive proposition for the state, school districts, and/or teachers, and the responsibility to adopt a solution will in the end rest squarely with the Legislature and the Governor.
https://lao.ca.gov/Recommendations/Details/786

CalSTRS and Proposition 98 [Publication Details]

Mar 19, 2014 - In this presentation to the Senate and Assembly public employment committees, we discuss the relationship between a CalSTRS funding plan and Proposition 98, the minimum annual amount of funding required for schools and community colleges in California.
https://lao.ca.gov/Publications/Detail/2980

Perspectives on the CalSTRS funding scenarios discussed at the March 19, 2014 joint hearing.

Mar 19, 2014 - Each CalSTRS scenario also displays the probability that the system will "run out of money " within 75 years. Only in the 20-year funding scenarios does this probability fall to  1 percent or less. The 30-year funding scenarios show at least a 25 percent probability of funding depletion, while the 60-year funding scenarios show a 47 percent probability of this occurring.
https://lao.ca.gov/Recommendations/Details/800

Office of Administrative Hearings staffing augmentation

Mar 14, 2014 - Cons equently, OAH has relied more heavily on temporary ( “pro tem ”) ALJs to conduct hearings (about 14 full-time equivalent pro tem ALJs in each of the last two years) and has experienced delays in holding its hearings within targeted timeframes .
https://lao.ca.gov/Recommendations/Details/799

The 2014-15 Budget: Pilot Program to Improve Property Tax Administration [Publication Details]

Mar 13, 2014 - In this report, we provide an overview of local property tax administration and review the administration's proposed three-year pilot program to improve tax administration and generate state General Fund savings.
https://lao.ca.gov/Publications/Detail/2974

February 2014 California income taxes far above projections

Mar 11, 2014 - Our office's November forecast assumed that the S&P 500 stock index would remain near its October 25 level of 1760 through March before resuming slow growth thereafter. Both our office and the administration will release new state revenue projections in May.
https://lao.ca.gov/Recommendations/Details/797

Requirements for accelerated remittance of certain income tax estimated and withholding payments

Mar 6, 2014 - Prior to 2009, CT taxpayers and certain PIT taxpayers generally were required to make four quarterly estimated payments of 25 percent of their estimated full-year tax liability. ( In other words, prior to 2009, estimated payments for the four quarterly payments were required to be: 25%, 25%, 25%, and 25%, respectively.)
https://lao.ca.gov/Recommendations/Details/787

The 2014-15 Budget: Transportation Proposals [Publication Details]

Mar 6, 2014 - This is a decline of $560 million, or 3.2 percent, below estimated expenditures for the current year. In this report, we review the Governor’s 2014-15 budget proposals for various transportation departments and programs, including the California Department of Transportation, the California High-Speed Rail Authority, the California Highway Patrol, and the Department of Motor Vehicles.
https://lao.ca.gov/Publications/Detail/2966

Review of School Transportation in California [Publication Details]

Mar 4, 2014 - Review of School Transportation in California [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/2964

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Publication Details]

Mar 4, 2014 - The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Publication Details] Video Description: The Governor's budget proposes $24 billion to pay salary and benefit costs for state workers in 2014-15, up from an estimated $23.5 billion in the current year.
https://lao.ca.gov/Publications/Detail/2958