The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - A primary argument for continuing California Competes grants for a fourth year is the need for state incentives to encourage CHIPS Act projects to locate in California. The CHIPS Act requires projects to demonstrate they have been offered incentives from state or local governments.
https://lao.ca.gov/Publications/Report/4846

The 2024-25 Budget: California Department of Corrections and Rehabilitation

Feb 22, 2024 - As the prison population declines, the state is able to spend less on certain things —such as food and clothing —that are directly tied to the number of people that need to be housed in state prisons.
https://lao.ca.gov/Publications/Report/4852

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan [Publication Details]

Apr 4, 2018 - All funds that make pension payments will repay the loan over the next decade or so. Authorizing legislation gives the administration some discretion over how funds will repay the loan, but the statute includes a variety of repayment requirements.
https://lao.ca.gov/Publications/Detail/3797

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - This risk continues to weigh on our outlook for state revenues and the economy over the next couple of years. Regardless of Broader Economic Picture, State Revenues Are Clearly in a Downturn. Regardless of the mixed economic picture, it is now fairly clear that state revenues are in a downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - This risk continues to weigh on our outlook for state revenues and the economy over the next couple of years. Regardless of Broader Economic Picture, State Revenues Are Clearly in a Downturn. Regardless of the mixed economic picture, it is now fairly clear that state revenues are in a downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/774

^[PDF] Overview of May Revision K-12 and Early Eduction Proposals

Overview of May Revision K-12 and Early Eduction Proposals Proposition 98 Funds X Pension Relief Reduces School District Costs „ Includes $2.3 billion to reduce school and community college employer pension contribution rates in 2020-21 and 2021-22.
https://lao.ca.gov/handouts/education/2020/Overview-of-May-Revision-K-12-and-Early-Education-Proposals-051820.pdf

^[PDF] The 2020-21 Budget: Initial Comments on the Governor’s May Revision

Governor Also Proposes Supplanting Pension Payments for Schools and Community Colleges. The 2019-20 budget included two supplemental pension payments—one to the California State Teachers’ Retirement System (CalSTRS) and one to the California Public Employees Retirement System (CalPERS)—that would reduce district pension contribution rates over the next few decades.
https://lao.ca.gov/reports/2020/4232/2020-May-Revision-Initial-Comments.pdf

May Revision: Wage and Salary Estimates [EconTax Blog]

May 27, 2016 - Wages and salaries are measured before deductions such as payroll taxes and employee pension contributions are taken out and include commissions, tips, bonuses, gains from exercising certain stock options, and deferred compensation such as 401(k) contributions.
https://lao.ca.gov/LAOEconTax/Article/Detail/190

^[PDF] MOU Fiscal Analysis Bargaining Units 6 and 13

The clause would go into effect if any other bargaining unit were to enter into an agreement with the state that did not include pension reform or provided a greater value/total compensation package than that provided by each unit’s respective proposed MOU.
https://lao.ca.gov/reports/2011/MOU_Fiscal/MOU_BU_6_13_040811.pdf

The 2024-25 Budget: In-Home Supportive Services

Feb 29, 2024 - Additionally, counties may establish IHSS hourly wages above the state minimum wage through local wage ordinances or, more commonly, collectively bargained agreements. The state, federal government, an d counties share in the cost of   IHSS wages .
https://lao.ca.gov/Publications/Report/4868