Proposition 98 Key Inputs and Outcomes Under May Revision [EdBudget]

May 17, 2024 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/848

CalSTRS

Funding Plan Is a Major State Accomplishment. Prior to state action, CalSTRS projected that it would run out of assets in the mid-2040s, an alarming prospect for a pension system. The funding plan aims to fully fund CalSTRS by that time.
https://lao.ca.gov/Education/Teachers/CalSTRS

The 2024-25 Budget: County Probation Grants to Support Temporary Increase in the Supervision Population [Publication Details]

Feb 20, 2024 - In this post, we evaluate the Governor's proposal to provide $4.4 million to county probation departments to support the temporary increase in the Post Release Community Supervision population resulting from Proposition 57 (2016).
https://lao.ca.gov/Publications/Detail/4849

The 2024-25 Budget: County Probation Grants to Support Temporary Increase in the Supervision Population

Feb 20, 2024 - Specifically, before realignment, all people released from state prison were supervised in the community by state parole agents. Following realignment, however, state parole agents only supervise people released from prison whose current offense is classified as serious or violent, as well as certain others such as high-risk sex offenders.
https://lao.ca.gov/Publications/Report/4849

California State University Funding by Source [EdBudget]

Jan 22, 2019 - California State University Funding by Source [EdBudget] 3.7 a Includes funding for pensions and retiree health benefits.    b The 2018-19 budget also included $7 million one-time General Fund to the Department of Social Services (DSS) for provision of legal services to undocumented students and immigrants at CSU campuses.
https://lao.ca.gov/Education/EdBudget/Details/232

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

May 17, 2024 - As tobacco-tax revenue has dropped over time, the state has provided General Fund to backfill the shortfall. Rather than increasing the backfill as proposed in the Governor's budget, the May Revision proposes to eliminate the General Fund backfill entirely. b Implements a four-year budget agreement.
https://lao.ca.gov/Education/EdBudget/Details/856

^[PDF] Portable Retirement Security Act of 2005

Thus, at age 55 a 25-year career officer would earn a pension equal to 75 percent of final salary. (The state formula for highway patrol officers is more generous, offering 3 percent of salary at age 50.)
https://lao.ca.gov/ballot/2005/050141.pdf

^[PDF] Local Control Funding Formula

LAO Findings and Recommendations 7L E G I S L A T I V E A N A L Y S T ’ S O F F I C E April 20, 2017  School Pension Costs Are on the Rise  The state approved a plan in 2014-15 to address the unfunded liability in the retirement system for teachers (CalSTRS).
https://lao.ca.gov/handouts/education/2017/Local-Control-Funding-Formula-42017.pdf

The 2024-25 Budget: Juvenile Custodial Interrogation Mandate [Publication Details]

May 28, 2024 - In this post, we discuss the Juvenile Custodial Interrogations mandate, which is a newly identified state mandate funded in the Governor’s 2024-25 May Revision budget.
https://lao.ca.gov/Publications/Detail/4910

The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal [Publication Details]

Feb 24, 2016 - It would also allow the state to begin addressing more of its retirement liabilities sooner. Our approach focuses on high-interest debts that the state is otherwise not addressing. Specifically, we suggest the Legislature prioritize: (1) the state’s pension system for judges and (2) retiree health benefits for state and California State University employees.
https://lao.ca.gov/Publications/Detail/3363