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

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

Feb 2, 2016 - When the Legislature passed the CalSTRS funding plan, administration documents characterized the cost sharing as follows: districts would pay $47 billion, the state would pay $20 billion, and teachers would pay $8 billion.
https://lao.ca.gov/Publications/Report/3335

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - The policy employs an abstract calculation that estimates what CalSTRS ’ unfunded liabilities would be today had the state ’s elected leaders made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3339

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Pension Rates and Costs Have Been Growing. School and community college employees generally participate in one of two state pension systems. The California State Teachers ’ Retirement System administers pension benefits for teachers, administrators, and other certificated employees, whereas the California Public
https://lao.ca.gov/Publications/Report/3897

CalSTRS Pension Proposals [Publication Details]

Mar 12, 2019 - CalSTRS Pension Proposals [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/3974

The 2019-20 May Revision: Analysis of the May Revision Education Proposals

May 15, 2019 - To prioritize limited resources, the state could continue to address its unfunded pension liability at CalPERS or CalSTRS before focusing on UCRP. For both CalPERS and CalSTRS, the state has a clearer responsibility to address unfunded liabilities, as the state sets associated pension benefits and contribution rates.
https://lao.ca.gov/Publications/Report/4048

Overview of Local Control Funding Formula and K-12 Pension Costs [Publication Details]

Mar 7, 2017 - Overview of Local Control Funding Formula and K-12 Pension Costs [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/3606

Increasing Transparency of County Office of Education Spending

Mar 14, 2024 - Statute Requires COEs to Set Goals in State Priority Areas. For each of the state and local measures, statute requires COEs to establish performance targets for its students, student subgroups, and schools.
https://lao.ca.gov/Publications/Report/4883

Review of the Funding Determination Process for Nonclassroom-Based Charter Schools

Feb 29, 2024 - They must hire an auditor from a list of firms approved by the State Controller ’s Office. The auditor then conducts an independent review following procedures in the audit manual developed by the state known as the Guide for Annual Audits of K ‑12 Local Education Agencies and State Compliance Reporting (known as the audit guide).
https://lao.ca.gov/Publications/Report/4870

The 2024-25 Budget: Proposition 98 and K-12 Education

Feb 15, 2024 - Prior to 2022 ‑23, the state contributed roughly 25 cents per free and reduced meal served (the state did not reimburse paid meals). In 2022 ‑23, the state provided a discretionary rate increase of 63  cents per meal —a 238 percent increase to the state rate for a free meal.
https://lao.ca.gov/Publications/Report/4839