Initiative Analyses

File No. 2011-032 Fair and Proportional Retirement for Public Officials Act of 2012 The measure intends to restrict pension and other post-employment benefits that can be received by elected and certain appointed public officials and administrators.
https://lao.ca.gov/BallotAnalysis/Initiatives?page=30

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The net effect of these assumptions is that the outlook assumes that state pension contribution rates are significantly higher than the projected rates published in CalPERS ’ most recent actuarial valuation.
https://lao.ca.gov/Publications/Report/4646

^[PDF] Questions and Answers: California's First Retiree Health Valuation

In the past, unfunded liabilities have been discussed primarily in the context of public pension systems. The average public pension sys‑ tem in California has enough assets on hand to cover about 88 percent of its estimated liabilities for future pension benefits earned to date by cur‑ rent and past employees.
https://lao.ca.gov/2007/ret_health_val/ret_health_val_050907.pdf

^[PDF] Fiscal Overview

. • Pension obligation bonds invalidated by Superior Court. • Tribal gaming revenues overestimated. • Major deficiencies in Department of Corrections and Medi-Cal. • Costs for Southern California fires. • Shortfall in other budget savings. 2 State Still Awaiting Full Recovery Wage and Salary Jobs, Percent of Pre-Recession Peak 90
https://lao.ca.gov/handouts/FO/2003/111903_asm_budget.pdf

Increasing Transparency of County Office of Education Spending

Mar 14, 2024 - Statute Requires COEs to Set Goals in State Priority Areas. For each of the state and local measures, statute requires COEs to establish performance targets for its students, student subgroups, and schools.
https://lao.ca.gov/Publications/Report/4883

Proposition 1 [Ballot]

Mar 5, 2024 - Proposition  1 allows the state to sell $6.4  billion in new bonds. Bonds are a way that the state borrows money and then repays the money plus interest over time. For more information about bonds, see “Overview of State Bond Debt ” later in this guide.
https://lao.ca.gov/BallotAnalysis/Proposition?number=1&year=2024

Highlights of the 2005-06 Perspectives & Issues

(Contact: Brad Williams , 319-8306) Addressing Public Pension Benefits and Cost Concerns California "defined benefit " pensions in the public sector raise certain benefits and cost issues. For instance, some formulas provide retiree benefits that equal their working income.
https://lao.ca.gov/analysis_2005/2005_pandi/highlights/pandi_highlights_022205.htm

The 2024-25 Budget: Transportation Budget Solutions [Publication Details]

Feb 23, 2024 - In this brief we (1) provide background on recent funding augmentations in transportation; (2) describe the Governor’s proposed transportation budget solutions; (3) discuss our assessment and recommendations for the Governor’s proposals; and (4) discuss potential additional solutions the Legislature could consider.
https://lao.ca.gov/Publications/Detail/4854

The 2024-25 Budget: Transportation Budget Solutions

Feb 23, 2024 - For instance, any redirections from SHA ultimately would result in less funding available for state highway maintenance and rehabilitation projects. SHA funds the California Department of Transportation ’s State Highway Operation and Protection Program, which supports capital projects that rehabilitate and reconstruct the state highway system.
https://lao.ca.gov/Publications/Report/4854

The 2017-18 Budget: Alternatives to the Governor’s Proposition 2 Proposals

Feb 23, 2017 - These include certain budgetary liabilities (amounts the state owes schools and amounts the state ’s General Fund owes other state funds), unfunded liabilities for pensions, and prefunding for retiree health benefits.
https://lao.ca.gov/Publications/Report/3574