The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver [Publication Details]

Feb 15, 2024 - In this brief, we evaluate the Governor’s novel proposal to allow schools to keep $8 billion of cash disbursements above the minimum requirement without recognizing the budgetary impact of those payments.
https://lao.ca.gov/Publications/Detail/4840

The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver

Feb 15, 2024 - This is the state ’s budget . After this plan is put into law, the executive branch executes it on a cash basis. That is, on a daily basis, the state ’s tax agencies collect revenues, the State Controller pays the state ’s bills, and the State Treasurer invests any of the state ’s cash that is currently unused.
https://lao.ca.gov/Publications/Report/4840

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Remaining programs —including employee compensation, pensions, and higher education —are responsible for the remaining $4  billion in difference in that year. As we have commented in the past , our office has little insight into the components of, or assumptions underlying, the administration’s projections in HHS.
https://lao.ca.gov/Publications/Report/4772

^[PDF] MOU Fiscal Analysis Bargaining Unit 7 (Protective Services and Public Safety)

Although employee and employer pension contributions to CalPERS are based on the lower pay levels for employees, the PLP would not reduce the amount of fi nal compensation used to determine employee pension benefi t levels.
https://lao.ca.gov/reports/2011/MOU_Fiscal/MOU_BU7_032511.pdf

Child Care Budget [EdBudget]

Apr 1, 2025 - 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
https://lao.ca.gov/Education/EdBudget/Details/945

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - In this fiscal context, we recommend that the Legislature apply a very high bar for new industry support —and, more generally, any new spending outside of the state ’s core responsibilities. As we understand it, the main rationale for state support for the semiconductor industry would be the potential economic benefits for the state.
https://lao.ca.gov/Publications/Report/5018

LAO 2004 Budget Analysis: Capital Outlay Overview

In 2005-06, the state would also incur $56  million in debt-service costs related to the budget's proposed pension obligation bond sale. Debt-Service Ratio to Rise In evaluating a state's capacity for bonded indebtedness and the impact of debt-service costs on its budget, one of the many factors that bond raters and potential investors look at is the state's debt-service ratio (DSR).
https://lao.ca.gov/analysis_2004/cap_outlay/co_01_ov_anl04.htm

^[PDF] Major Features of California's 2010-11 Budget

Reductions in Pension Benefits for Future State Employees. The budget package includes a measure to reduce pension benefits for newly hired state employees. (Labor agreements re- cently ratified by the Legislature also reduce pension benefits for future employees in several bargaining units, and these reductions remain in effect.)
https://lao.ca.gov/reports/2010/bud/major_features/major_features_101210.pdf

The 2019-20 May Revision: Analysis of the May Revision Education Proposals

May 15, 2019 - To prioritize limited resources, the state could continue to address its unfunded pension liability at CalPERS or CalSTRS before focusing on UCRP. For both CalPERS and CalSTRS, the state has a clearer responsibility to address unfunded liabilities, as the state sets associated pension benefits and contribution rates.
https://lao.ca.gov/Publications/Report/4048

^[PDF] Analysis of Higher Education May Revision Proposals

Proposition 2 allows the state to choose which liabilities to address, including budgetary borrowing (such as from special fund loans), state- level pension liabilities (such as for state employees, teachers, university employees, and judges), and state-level retiree health liabilities.
https://lao.ca.gov/reports/2015/budget/may-revision/higher-ed-051815.pdf