LAO Other Government Areas

UPDATE 9/1/11 -- Handout updated to include reference to a 2009 state law eliminating two state holidays. Other Public Employee Pensions: An Interview With LAO's Jason Sisney Format: August 8, 2011 - LAO State Finance Director Jason Sisney appears on the news interview program The Maddy Report, where he is questioned about public employee pensions.
https://lao.ca.gov/Policy-Areas?areaId=5&category=15&year=0&page=9

The 2024-25 Budget: Multiyear Budget Outlook [Publication Details]

May 23, 2024 - This post presents our office’s forecast of the condition of the state General Fund budget through 2027-28 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/4907

Retiree Health Care: A Growing Cost for Government

There is virtually no dispute that prefunding is the best way to fund a pension system. The Legislature-and California’s voters-have mandated a prefunding policy for state employee pensions for decades.
https://lao.ca.gov/2006/ret_hlthcare/retiree_healthcare_021706.htm

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal [Publication Details]

May 16, 2017 - The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal [Publication Details] The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal Format: HTML Description: As part of his May Revision, the Governor proposes the state borrow $6 billion from the Pooled Money Investment Account (PMIA) to make a one-time payment to reduce state pension liabilities at CalPERS.
https://lao.ca.gov/Publications/Detail/3673

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 2015-16 Budget: The Governor's Proposition 2 Proposal [Publication Details]

Mar 25, 2015 - We recommend that the Legislature develop a long-term plan for Proposition 2 and suggest that the Legislature solicit proposals from the administration, state pension systems—including CalPERS, CalSTRS, and the UC Regents—and others concerning the benefits of applying Proposition 2 debt payment funds toward eligible liabilities.
https://lao.ca.gov/Publications/Detail/3226

The 2023-24 Budget: Higher Education Overview

Jan 31, 2023 - All are experiencing salary pressures, increases in their health care premiums, increases in their pension contribution rates, and inflationary pressures in other key areas, including utilities, suppli es, and equipment.
https://lao.ca.gov/Publications/Report/4664

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature [Publication Details]

Apr 19, 2023 - Through the final months of the 2023-24 budget process, California’s Legislature will make numerous important decisions regarding the allocation of state resources in the context of a budget problem. Few choices will be as consequential for the state’s medium-term fiscal outlook as whether or not to draw upon its budget reserves to close a projected deficit.
https://lao.ca.gov/Publications/Detail/4762

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - In that case, the state ’s reserves could be key to sustaining the state ’s safety net through a challenging economic period. 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/Publications/Report/4762

LAO Publications

Format: Public Employee Pensions: An Interview With LAO's Jason Sisney August 8, 2011 - LAO State Finance Director Jason Sisney appears on the news interview program The Maddy Report, where he is questioned about public employee pensions.
https://lao.ca.gov/Publications?page=4&year=0&publicationType=0&type=Other