Addressing California's Key Liabilities [Publication Details]

May 7, 2014 - Due to its massive unfunded liability and relatively high growth rate, we recommend that the Legislature make a full funding plan for the California State Teachers' Retirement System a top priority in addressing the state's key liabilities.
https://lao.ca.gov/Publications/Detail/3011

Budget Reserve Proposals [Publication Details]

Apr 28, 2014 - Revenue volatility presents a key challenge for state budgeting and the state has a poor track record of setting aside reserves when times are good to help balance the budget during later economic downturns.
https://lao.ca.gov/Publications/Detail/3004

CalSTRS and Proposition 98 [Publication Details]

Mar 19, 2014 - In this presentation to the Senate and Assembly public employment committees, we discuss the relationship between a CalSTRS funding plan and Proposition 98, the minimum annual amount of funding required for schools and community colleges in California.
https://lao.ca.gov/Publications/Detail/2980

Budget Reserve Proposals [Publication Details]

Feb 27, 2014 - California’s state tax system is highly volatile, and the state has a poor track record of setting aside reserves when times are good to help balance the budget during later economic downturns. Designing a constitutional rainy-day fund mechanism, however, involves many complexities that require detailed consideration by the state’s leaders.
https://lao.ca.gov/Publications/Detail/2959

The 2014-15 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2014 - On January 9, the Governor presented a budget package with a proposed $2.3 billion reserve at the end of 2014-15. The Governor's budget seeks to address some of California's biggest budget issues. The Governor's emphasis on debt repayment is prudent, and his proposal for a new rainy-day fund requirement underscores the importance of regular state contributions to a larger budget reserve.
https://lao.ca.gov/Publications/Detail/2819

The 2014-15 Budget: California's Fiscal Outlook [Publication Details]

Nov 20, 2013 - The 2014-15 Budget: California's Fiscal Outlook [Publication Details] Press Conf Description: The 19th annual edition of the LAO's Fiscal Outlook--a forecast of California's state General Fund revenues and expenditures over the next six years--reflects continued improvement in the state's finances.
https://lao.ca.gov/Publications/Detail/2814

The 2013-14 Budget: California Spending Plan [Publication Details]

Nov 4, 2013 - Major features of the 2013-14 budget plan include $2.1 billion for a new formula to distribute funding amongst schools, a state-based plan to expand Medi-Cal to cover more than one million additional low-income adults, and selected program augmentations.
https://lao.ca.gov/Publications/Detail/2798

The 2013-14 Budget: Overview of the May Revision [Publication Details]

May 17, 2013 - While the state's fiscal condition has improved, there are many good reasons for the Legislature to adopt a cautious budgetary posture. After years of "boom and bust" budgeting, California's leaders now have the opportunity to build a budget for future years that gives the state more choices about how to build reserves in times of healthy revenue growth, prioritize future state spending, and pay off past debts.
https://lao.ca.gov/Publications/Detail/2745

Overview of State Fiscal Functions [Publication Details]

Mar 21, 2013 - Overview of State Fiscal Functions [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/2717

The 2013-14 Budget: Overview of the Governor's Budget [Publication Details]

Jan 14, 2013 - The state has now reached a point where its underlying expenditures and revenues are roughly in balance, meaning that—under our and the administration’s fiscal forecasts—state-supported program and service levels established in 2012-13 will generally continue “as is” in 2013-14 and 2014-15.
https://lao.ca.gov/Publications/Detail/2681