The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Each year, the state pays many billions of dollars towards debts and liabilities. (Under the Governor ’s May Revision, for example, the state would make $3.4  billion in constitutionally required debt payments under Proposition  2, as well as other routine debt payments made by the state, such as annual actuarially required contributions to the
https://lao.ca.gov/Publications/Report/4598

The 2022-23 Budget: K-12 Early Literacy Proposals

Feb 15, 2022 - According  to the California State Teachers ’ Retirement System, which manages the state ’s pension system for teachers, 3,202 California teachers retired in the second half of 2020 —a 26  percent increase relative to 2019.
https://lao.ca.gov/Publications/Report/4539

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - In addition to required annual contributions, the Governor proposes that the state make supplemental contributions from the General Fund to the pension systems to reduce the unfunded liabilities and reduce state costs over the next few decades.
https://lao.ca.gov/Publications/Report/3916

The 2023-24 California Spending Plan: Proposition 98 and K-12 Education [Publication Details]

Nov 28, 2023 - This post summarizes overall Proposition 98 funding and K-12 education spending in the 2023-24 budget package. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget.
https://lao.ca.gov/Publications/Detail/4818

The 2023-24 Budget: Transitional Kindergarten and State Preschool Proposals [Publication Details]

Feb 14, 2023 - The 2023-24 Budget: Transitional Kindergarten and State Preschool Proposals [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/4682

The 2023-24 Budget: Transitional Kindergarten and State Preschool Proposals

Feb 14, 2023 - State Provided One ‑Time Funding to Support TK Expansion. Between 2021 ‑22 and 2022 ‑23, the state provided a total of $1.2  billion in one ‑time General Fund to support TK expansion. These augmentations include: Facility Support.
https://lao.ca.gov/Publications/Report/4682

The 2022-23 Budget: Educator Workforce Proposals

Feb 23, 2022 - According  to the California State Teachers ’ Retirement System, which manages the state ’s pension system for teachers, 3,202 California teachers retired in the second half of 2020 —a 26  percent increase relative to 2019.
https://lao.ca.gov/Publications/Report/4556

The 2018-19 Budget: Proposition 98 Outlook

Nov 15, 2017 - Ongoing augmentations would help districts manage various cost pressures, including notable increases in pension contributions, whereas one ‑time funding would provide a buffer in case the guarantee drops in 2019 ‑20.
https://lao.ca.gov/Publications/Report/3716

A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility”

Feb 2, 2016 - Whether State Shares in Responsibility Depends On Future Investment Experience. As we described in our second post , the funding plan—as implemented—makes the state responsible for an estimate of what CalSTRS’ unfunded liabilities would be today if the state had made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3337

The 2022-23 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2022 - On January 10, 2022, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Detail/4492