Proposition 98 Funding Changes by Segment and Source [EdBudget]

May 17, 2024 - Proposition 98 Funding Changes by Segment and Source [EdBudget]     a Includes the portion of State Preschool funded through Proposition 98 and direct instructional services provided by state agencies. b Reflects the size of the deposit (+) or withdrawal (-) from the Proposition 98 Reserve established by Proposition 2 (2014).
https://lao.ca.gov/Education/EdBudget/Details/847

K-14 District Pension Contribution Rates and Costs [EdBudget]

Jun 1, 2017 - K-14 District Pension Contribution Rates and Costs [EdBudget]   CalSTRS = California State Teachers’ Retirement System and CalPERS = California Public Employees’ Retirement System. The CalSTRS rates over this period are set in statute.
https://lao.ca.gov/Education/EdBudget/Details/32

^[PDF] The 2022-23 Budget: California's Fiscal Outlook

Our main forecast is intended Changes in State Pension Contributions on Horizon State Contributions to CalSTRS Forecast Assumes State Contributions to CalSTRS Continue to Increase Over Next Few Years.
https://lao.ca.gov/reports/2021/4472/fiscal-outlook-111721.pdf

California's Education System: A 2019 Guide [Publication Details]

Feb 6, 2019 - As you journey through the report, you will be exposed to information on everything from student diversity and achievement gaps, to student aid and borrowing, to faculty salaries and rising pension costs, to the requirements for becoming a teacher or doctor in California.
https://lao.ca.gov/Publications/Detail/3924

The 2020-21 Budget: Proposition 98 Education Analysis [Publication Details]

Feb 24, 2020 - Although the Legislature has various options for providing fiscal relief, we think making additional payments toward districts’ unfunded pension liabilities would offer the greatest fiscal benefit. Paying down these liabilities would improve the funding status of the pension systems and likely reduce district costs over time.
https://lao.ca.gov/Publications/Detail/4174

May Revision Proposes to Increase CLSF Funding in 2024-25, Just to Reduce by a Similar Amount in 2025-26 [EdBudget]

May 17, 2024 - For 2025-26, we assume the amount of lease revenue debt service remains the same as in 2024-25. b The May Revision proposes a 7.95 percent reduction to state operations for most state departments in 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/863

^[PDF] Item 7900, CalPERS Supplemental Payment, Issue 34

Under the administration’s plan, the state would pay interest on the loan based on a rate equal to a specific two-year U.S. Treasury index. The state would pay the full principal and interest of the loan by 2030. „ The General Fund would repay its portion of the loan using constitutionally required debt payments under Proposition 2 (including a $427 million
https://lao.ca.gov/handouts/conf_comm/2017/CalPERS-Supplemental-Payment-053117.pdf

The 2024-25 Budget: Preliminary May Revision Analysis for CalWORKs

May 29, 2024 - To receive its annual TANF grant, the state must spend a maintenance-of-effort (MOE) amount from state and local funds to provide services for families eligible for CalWORKs. This MOE amount is approximately $3  billion annually and can be spent directly on CalWORKs or other programs that meet federal requirements.
https://lao.ca.gov/Publications/Report/4911

May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]

May 17, 2024 - May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]   a Reflects CSU's main budget appropriation, excluding retiree health benefits and certain CalPERS cost adjustments. b The May Revision proposes a 7.95 percent reduction to state operations for most state departments.
https://lao.ca.gov/Education/EdBudget/Details/862

^[PDF] MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000) Revised

(State safety employees receive higher benefi ts.) The state paid the remainder of the costs, including costs to address unfunded liabilities. Pension benefi ts paid to retired employees were based on the highest pay received during a single year of employment.
https://lao.ca.gov/reports/2010/MOU_Fiscal/MOU_Analysis_12222010_revised.pdf