The 2024-25 Budget: Higher Education Overview

Jan 30, 2024 - Proposed Funding Delays for UC and CSU Worsen State ’s Projected Out ‑Year Budget Deficits. As discussed in The 2024 ‑25 Budget: Overview of the Governor ’s Budget , the state faces significant operating deficits in the coming years.
https://lao.ca.gov/Publications/Report/4829

The 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - Supplemental Payment for State Pensions. The administration proposes making an additional payment of $6 billion to reduce the unfunded liability of CalPERS, the pension system for retired state employees.
https://lao.ca.gov/Publications/Report/3669

3rd Quarter 2020 Personal Income Report [EconTax Blog]

Feb 4, 2021 - Benefits include employer-paid contributions for health insurance and pensions. Transfer payments are defined as government payments that don ’t represent compensation for services performed by the recipient.
https://lao.ca.gov/LAOEconTax/Article/Detail/620

^[PDF] Public Employee Pension and Retiree Health Costs in California

Public Employee Pension and Retiree Health Costs in California Public Employee Pension And Retiree Health Costs In California Jason Dickerson Legislative Analyst’s Office, California Legislature The Council of State Governments La Quinta, California November 13, 2009
https://lao.ca.gov/handouts/state_admin/2009/Public_Employee_Pension_11_13_09.pdf

The 2024-25 Budget: Juvenile Custodial Interrogation Mandate

May 28, 2024 - State law tasks the Commission on State Mandates (Commission) with determining whether new state laws or regulations affecting local governments create state-reimbursable mandates. Typically, the process for determining whether a law or regulation is a state-reimbursable mandate takes several years.
https://lao.ca.gov/Publications/Report/4910

The 2022-23 Budget: Analysis of Major CCC Proposals

Feb 11, 2022 - No Proposals for Addressing Unfunded Retirement Liabilities or Providing Pension Relief. In recent years, the Governor has had various budget proposals relating to education pension funding. These proposals have included making supplemental payments toward pension systems ’ unfunded liabilities as well as giving community college districts immediate pension relief by subsidizing their rates in 2019 ‑20, 2020 ‑21, and 2021 ‑22.
https://lao.ca.gov/Publications/Report/4531

LAO 2006 Budget Analysis: Retirement Contributions (Control Section 3.60)

This new policy does not eliminate all risks of pension rate increases. Extended periods of declining investment returns or changed demographic assumptions about state retirees cou ld affect future rates.
https://lao.ca.gov/analysis_2006/general_govt/gen_25_anl06.html

Update on School District Budgets

Nov 16, 2020 - The state budget largely avoids reductions to schools and provides fiscal relief through one-time federal funding and lower pension contribution rates. In future years, however, these fiscal supports will recede and districts will be left with pension and health benefit costs ratche ting higher on the one hand and reduced funding growth —a consequence of declining student attendance —on the other.
https://lao.ca.gov/Publications/Report/4301

^[PDF] Both the U.S. and California Constitutions contain a

Both the U.S. and California Constitutions contain a clause—known as the Contract Clause—that prohibits the state or its voters from impairing contractual obligations. In the context of pension benefits, California courts have ruled for many decades that the Contract Clause generally prohibits reductions to pension benefits accrued by governmental employees for work already performed.
https://lao.ca.gov/reports/2021/4400/Strengthening-CalSTRS-031021.pdf

The 2020-21 Budget: School District Budget Trends [Publication Details]

Jan 21, 2020 - In this report, we examine district budgets—both looking back at actual experiences to date and looking ahead at what experiences could be over the next few years. First, we provide background on districts and their budgets. We then discuss trends in districts’ main cost drivers. Next, we examine overall district fiscal health, with a particular focus on districts in fiscal distress.
https://lao.ca.gov/Publications/Detail/4136