The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Remaining programs —including employee compensation, pensions, and higher education —are responsible for the remaining $4  billion in difference in that year. As we have commented in the past , our office has little insight into the components of, or assumptions underlying, the administration’s projections in HHS.
https://lao.ca.gov/Publications/Report/4772

State Library Spending Proposals Under Governor's Budget and May Revision [EdBudget]

May 23, 2024 - State Library Spending Proposals Under Governor's Budget and May Revision [EdBudget] $110,071 $86,905 a The May Revision modifies a Governor's budget proposal by converting a reduction associated with sweeping vacant positions (across state agencies) from being one time to ongoing.
https://lao.ca.gov/Education/EdBudget/Details/859

LAO 2008 Budget Analysis: California State Teachers’ Retirement System (1920)t

LAO 2008 Budget Analysis: California State Teachers’ Retirement System (1920)t California State Teachers’ Retirement System (1920) The California State Teachers ’ Retirement System (CalSTRS) administers pension and other benefits for about 800,000 current and former educators of school and community college districts.
https://lao.ca.gov/analysis_2008/general_govt/gen_anl08012.aspx

LAO 2008 Budget Analysis: California State Teachers’ Retirement System (1920)

LAO 2008 Budget Analysis: California State Teachers’ Retirement System (1920) California State Teachers’ Retirement System (1920) The California State Teachers ’ Retirement System (CalSTRS) administers pension and other benefits for about 800,000 current and former educators of school and community college districts.
https://lao.ca.gov/analysis_2008/education/ed_anl08015.aspx

The 2024-25 Budget: Broadband Infrastructure at May Revision

May 23, 2024 - Background Major Federal and State Broadband Infrastructure Programs and Projects Underway. In recent years, the state has initiated a few significant programs related to broadband, in part due to funding provided by the federal government.
https://lao.ca.gov/Publications/Report/4906

The 2020-21 Budget: Labor Agreements to Achieve Budgetary Savings

Sep 9, 2020 - Employee Pension Contributions. The MOU increases employee retirement contributions over three fiscal years beginning on July 1, 2020.The intention of the increases is that employees will be paying about one-half of normal cost for pension benefits at the end of the three-year period.
https://lao.ca.gov/Publications/Report/4267

The 2024-25 Budget: Future of Public Health Budget Solution

May 21, 2024 - The workgroup included state and local officials and stakeholders and established a number of priorities based on data and input collected from across the state. The goal was to “right size ” the historically stagnant CDPH budget —both in terms of state and local support.
https://lao.ca.gov/Publications/Report/4904

^[PDF] California's Key Liabilities: debt, deferred payments, and other liabilities that will affect the state’s financial health in the future.

In addition to the issues with UC’s pension plan, UC—like the state and most other state and local governments—has typically paid retiree health benefits on a pay-as-you-go basis and has a $13 billion UAAL for these benefits.
https://lao.ca.gov/2009/bud/liabilities/CA_Liabilities_073009.pdf

California State University Core Funding by Source [EdBudget]

Jul 10, 2018 - California State University Core Funding by Source [EdBudget]   a Includes funding for pensions and retiree health benefits.    b In addition, the budget appropriates $7 million one-time General Fund to the Department of Social Services for provision of legal services to undocumented students and immigrants at CSU campuses.     
https://lao.ca.gov/Education/EdBudget/Details/175

^[PDF] Volatility of the Personal Income Tax Base

Only a small fraction of income from dividends, interest, and rent is taxable at the state level. The state does not tax imputed rent. Dividends and interest received by pension and life insurance plans are not counted as income for tax purposes in the year the plans’ investments generate that income.
https://lao.ca.gov/reports/2017/3548/Volatility-of-PIT-030817.pdf