The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - Conclusion In a report to the Legislature last year — The 2019‑20 Budget: Structuring the Budget: Reserves, Debt and Liabilities— we analyzed the Governor’s proposals to make several large supplemental pension payments.
https://lao.ca.gov/Publications/Report/4196

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - Shift Pension Costs. The budget takes actions in a few pension ‑related areas that result in cost shifts from the present to the future. First, the 2019 ‑ 20 b udget made a supplemental pension payment of $2. 5  b illion to CalPERS.
https://lao.ca.gov/Publications/Report/4263

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Reflecting these return assumptions could result in substantially lower state costs, particularly for the teachers ’ pension system. The box nearby has more details on possible future developments in the state ’s pension systems.
https://lao.ca.gov/Publications/Report/4472

Cal Facts: 2016

Dec 5, 2016 - These plans include paying down pension unfunded liabilities and making regularly scheduled payments on infrastructure bond debt service. Legislation passed in 2014 aims to fully fund the teacher pension system (CalSTRS).
https://lao.ca.gov/Publications/Report/3511/1

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Since then, the state has repaid all of the eligible budgetary debts, meaning the remaining eligible uses of Proposition  2 are related to unfunded liabilities for pensions and retiree health benefits, as shown in Figure  4.
https://lao.ca.gov/Publications/Report/4418

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - As a result, these obligations will place additional pressure on the state ’s future budgets. Figure 4 State ’s New Borrowing to Balance the Budget (In Billions)
https://lao.ca.gov/Publications/Report/5052

The 2024-25 Budget: Deficit Update [Publication Details]

Feb 20, 2024 - This report provides an update on the size of the state deficit based on our recent revenue projections and provides options for the Legislature to address that larger deficit.
https://lao.ca.gov/Publications/Detail/4850

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - For example, the administration frequently displayed “operating surpluses ” in its multiyear forecasts excluding this type of spending —implying that the administration understood that the state could not afford all of the commitments under its own projections, but the state could afford the ongoing budget.
https://lao.ca.gov/Publications/Report/4850

The 2025-26 Budget: Multiyear Budget Outlook [Publication Details]

May 24, 2025 - This post presents our office’s forecast of the condition of the state General Fund budget through 2028-29 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/5052

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - This post presents our office’s forecast of the condition of the state General Fund budget through 2028-29 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Report/5052/1