^[PDF] Overview of Education Proposals

Better Position Schools to Address Future Downturn „ Reduce ongoing spending commitments and increase one-time spending. „ Avoid using one-time funds for ongoing programs. „ Take different approach to helping districts with pension costs.
https://lao.ca.gov/handouts/education/2019/Education-Proposals-030719.pdf

^[PDF] Overview of Higher Education Proposals

Consider Specifi c Ways to Promote Tuition Predictability  State could build higher reserves to help prevent tuition hikes during the next recession.  State could free up funding for reserves by sharing a portion of 2019-20 cost increases with nonfi nancially needy students.  Moving forward, state could develop a policy specifying what share of cost nonfi nancially needy students should contribute to their education.
https://lao.ca.gov/handouts/education/2019/Overview-Higher-Education-Proposals-030619.pdf

^[PDF] School Facilities

At this pace, the state would take 12 years to exhaust Proposition 51 funds. X State Currently Has $5.8 Billion in School Facility Applications „ As of the end of February 2019, a total of $741 million in already-approved projects are awaiting state bond funding. „ A total of $5.1 billion in projects have been submitted to the state but have not yet completed the approval process.
https://lao.ca.gov/handouts/education/2019/School-Facilities-032819.pdf

^[PDF] Climate Change and State Bonds

Bonds are a way that the state (as well as local governments and private companies) borrow money. The state sells bonds to investors to receive “up-front” funding for projects and then repays investors, with interest, over a period of time.  Why the State Uses Bonds.
https://lao.ca.gov/handouts/resources/2019/Climate-Change-State-Bonds-032619.pdf

^[PDF] Coastal Adaptation

„ State Assets. What steps should the state take to protect assets for which the state has primary responsibility—such as highways and state-owned buildings—from the effects of SLR? Does the state have a long-term adaptation plan—including time lines, cost estimates, and identified funding—for these assets?
https://lao.ca.gov/handouts/resources/2019/Coastal-Adaptation-032719.pdf

^[PDF] Overview of Proposition 68

.  State in Initial Year of Implementing Bond. The 2018-19 Budget Act appropriated $1.3 billion from the bond, mostly to expand or continue existing programs. Also included funding for 80.5 positions to implement Proposition 68 activities at state agencies.  Governor Proposes Providing $1 Billion in 2019-20.
https://lao.ca.gov/handouts/resources/2019/Prop-68-030619.pdf

^[PDF] Overview of Proposition 68

.  State in Initial Year of Implementing Bond. The 2018-19 Budget Act appropriated $1.3 billion from the bond, mostly to expand or continue existing programs. Also included funding for 80.5 positions to implement Proposition 68 activities at state agencies.  Governor Proposes Providing $1 Billion in 2019-20.
https://lao.ca.gov/handouts/resources/2019/Prop-68-030719.pdf

^[PDF] CalSTRS Pension Proposals

Setting money aside today will reduce pension costs in the future. „ Under the Governor’s proposal, the state would pay a greater share of the CalSTRS unfunded liability than assigned to it under the funding plan. „ The state has many other debts and obligations, including unfunded liabilities associated with pension plans for its own employees.
https://lao.ca.gov/handouts/state_admin/2019/CalSTRS-Pension-Proposals-032819.pdf

^[PDF] The Property Tax Postponement Program

Keep same or reduce slightly (say, to 6 percent). „ Possible Additional Risk to the State. Younger homeowners could defer longer, possibly increasing the risk of nonpayment. „ Options to Limit State Risk.
https://lao.ca.gov/handouts/state_admin/2019/PTP-Program-030619.pdf

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

Text Margins Left align medium figures and tables here Large figure margin Large figure margin L E G I S L AT I V E A N A LY S T ’ S O F F I C E 4 Debt and Liabilities: Retirement Governor Proposes Three Supplemental Pension Payments: „ $3 Billion to CalPERS for Unfunded Liability. „ $1.1 Billion to the California State Teachers’ Retirement System (CalSTRS) for State Unfunded Liability.
https://lao.ca.gov/handouts/state_admin/2019/Structuring-2019-20-Budget-030519.pdf