Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Background State Budget Condition State Faces Multiyear Deficits. As described in our December 2023 Fiscal Outlook and our January 2024 Overview of the Governor ’s Budget , we project ongoing General Fund operating deficits of roughly $30  billion per year.
https://lao.ca.gov/Publications/Report/4890

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

LAO 2003-04 Budget Analysis: General Government, Control Section 3.60

As we discuss in the "Crosscutting Issues " section of this chapter, the Governor's budget proposes to borrow the funds to pay state retirement contributions through (1) pension obligation bonds or (2) a loan agreement wit h PERS.
https://lao.ca.gov/analysis_2003/general_govt/gen_33_control_3-6_anl02.htm

^[PDF] The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Governor’s Proposal to Pay Down Retirement Liabilities Additional State Payments to Pension Systems’ Unfunded Liabilities. The administration proposes that the state make supplemental payments totaling more than $6 billion to reduce CalPERS’ and CalSTRS’ unfunded liabilities.
https://lao.ca.gov/reports/2019/3925/structuring-budget-020519.pdf

^[PDF] Recent Proposals for CalSTRS Purchasing Power Benefits

In general, pension commit- ments represent contracts between public entities and public employees, such as teachers. The U.S. and State Constitutions generally prohibit impairment of contracts. Quid Pro Quo Required to Make Changes.
https://lao.ca.gov/handouts/state_admin/2008/CalSTRS_Purchasing_04_07_08.pdf

The 2014-15 Budget: Overview of the May Revision [Publication Details]

May 16, 2014 - The package continues to build reserves and pay down debts, including a new proposal to fund the teachers' pension system over about 30 years. Our May revenue forecast projects $2.5 billion higher revenues compared with that of the administration—not substantially different given the size of the state budget.
https://lao.ca.gov/Publications/Detail/3017

^[PDF] CalSTRS-and-Proposition-98

Districts are responsible for determining other (non-pension) compensation items for teachers at the bargaining table.  State? In the past, state has increased its contributions to address unfunded liabilities.
https://lao.ca.gov/handouts/state_admin/2014/CalSTRS-and-Proposition-98-31914.pdf

^[PDF] The 2020-21 Budget: The Fiscal Outlook for Schools and Community Colleges

District Cost Pressures School and Community College Pension Costs Set to Increase. Over the past several years, district officials and Legislators have focused on rising pension costs. Required district contributions to the California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have grown from $3.5 billion in 2013-14 to $8.7 billion in 2019-20.
https://lao.ca.gov/reports/2019/4113/outlook-schools-CC-112019.pdf

^[PDF] The 2017-18 Budget: Alternatives to the Governor’s Proposition 2 Proposals

Pension Liabilities for School and Community College Employees Includes “Classified” Employees. Payments toward unfunded liabilities of “state-level pension plans” are eligible to count under Proposition 2 debt payment requirements.
https://lao.ca.gov/reports/2017/3574/Prop2-Alternatives-022317.pdf

K-14 Pension Rate Relief Proposals [Publication Details]

May 30, 2019 - K-14 Pension Rate Relief Proposals [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/4073