The 2024-25 Budget: Proposition 98 and K-12 Education

Feb 15, 2024 - Prior to 2022 ‑23, the state contributed roughly 25 cents per free and reduced meal served (the state did not reimburse paid meals). In 2022 ‑23, the state provided a discretionary rate increase of 63  cents per meal —a 238 percent increase to the state rate for a free meal.
https://lao.ca.gov/Publications/Report/4839

California State Library Budget [EdBudget]

Mar 5, 2024 - California State Library Budget [EdBudget] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Education/EdBudget/Details/832

LAO 2004 Budget Analysis: Control Section 3.60

As we discuss in the "Crosscutting Issues " section of this chapter, the Governor's budget proposes to borrow funds to pay a portion of state retirement contributions through pension obligation bonds.
https://lao.ca.gov/analysis_2004/general_govt/gen_28_cs360_anl04.htm

The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - However, the way in which CARB makes changes to it s allocation of allowances (such as modifying the mix of allowances given away for free to certain industries like utilities versus the number sold at the state ‑run auctions) ultimately will determine the impacts on prices and state  revenues. 2030 Expiration.
https://lao.ca.gov/Publications/Report/4847

Examining Statewide Pension Benefit Policy for Elected Officials [Publication Details]

Apr 13, 2012 - Examining Statewide Pension Benefit Policy for Elected Officials [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/2614

Control Section 3.61

May 17, 2015 - This decentralized method is similar to how th e state makes its contribution payments towards pension benefits for state employees. Paying these costs through departmental budgets provides greater certainty as to the state ’s prefunding obligations.
https://lao.ca.gov/Recommendations/Details/850

^[PDF] The 2014-15 Budget: Overview of the May Revision

In addition, the revision includes increased estimates for caseload costs in health and human services programs, as well as increased costs for state employee pensions. The preeminent new proposal in the May Revision is a plan to fully fund California’s teachers’ pension system in about 30 years.
https://lao.ca.gov/reports/2014/budget/may-revision/overview-may-revision-051614.pdf

The 2024-25 Budget: Food Assistance Programs

Feb 16, 2024 - The federal government gave states the option to provide state-funded food assistance to populations affected by the 1996 policy change (such as legal permanent residents who arrived less than five years ago).
https://lao.ca.gov/Publications/Report/4845

Addressing California’s Key Liabilities

Retirement CalPERS Largest Public Pension System in U.S. With assets totaling over $275 billion, CalPERS is the nation ’s largest public pension fund. CalPERS administers retirement programs for over 3,000 state and local employers.
https://lao.ca.gov/reports/2014/finance/liabilities/addressing-california-key-liabilities-050714.aspx

The State Appropriations Limit

Apr 21, 2021 - The Constitution defines this exclusion as: “appropriations required to pay the cost of interest and redemption charges ... on indebtedness existing or legally authorized as of January 1, 1979, or on bonded indebtedness thereafter approved according to law by a vote of the electors... ” In implementing legislation, the Legislature chose not to include some outstanding debt that existed in 1979 —such as unfunded pension liabilities —as an exemption under  this  language.
https://lao.ca.gov/Publications/Report/4416