The 2017-18 Budget: Proposition 98 Education Analysis

Feb 9, 2017 - Pension Costs In this section, we provide background on school district pension costs, compare LCFF funding increases with pension cost increases over the past few years, project these increases for 2017 ‑18 and the next few years, and discuss how the cost increases likely are affecting different types of school districts.
https://lao.ca.gov/Publications/Report/3549

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - In these scenarios, state contributions reach about 18 percent of payroll by the mid-2040s. In the context of current statewide teacher payroll, the difference between these two extremes is roughly $5 billion —more than three times the state ’s current contribution to CalSTRS ’ main pension program.
https://lao.ca.gov/Publications/Report/3336

The 2021-22 Budget: Educator Workforce Proposals

Feb 19, 2021 - 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  p ercent increase relative to 2019.
https://lao.ca.gov/Publications/Report/4381

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - State Operations Reductions. The 2024 ‑25 budget package assumed that the Department of Finance would reduce state operations expenditures through two unallocated reductions across most state departments.
https://lao.ca.gov/Publications/Report/4951

The 2019-20 Budget: California Spending Plan—Education

Oct 17, 2019 - These augmentations include a total of $252  million for compensation increases —including salary costs for represented and nonrepresented employees, pension costs, and higher retiree health care costs —and other operational cost increases.
https://lao.ca.gov/Publications/Report/4096

Addressing CalSTRS' Long-Term Funding Needs - Addressing CalSTRS' Long-Term Funding Needs [Video]

Addressing CalSTRS' Long-Term Funding Needs - Addressing CalSTRS' Long-Term Funding Needs [Video] To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Addressing CalSTRS ' Long-Term Funding Needs March 20, 2013 Last year, the Legislature asked CalSTRS to submit a report detailing at least three options for addressing the unfunded
https://lao.ca.gov/Videos/Player?playlistId=76&videoId=118

EdBudget Tables (July 2016)

Jul 14, 2016 - General Fund includes direct state support for pension and retiree health care costs (for CSU), debt service (for Hastings), deferred maintenance (for CSU, UC, and Hastings), and Innovation Awards (for CSU and UC in 2014-15) that comes from outside the segments ’ main budget-act appropriations.
https://lao.ca.gov/Publications/Report/3491

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The Governor allocates this amount among three uses: ( 1)  c ontinuing to implement the state ’s plan to prefund retiree health benefits, ( 2)  r epaying a 2017 ‑ 18 l oan from the state ’s cash resources that supported a supplemental pension payment in that year, and ( 3)  a supplemental pension payment to the state ’s teacher retirement system.
https://lao.ca.gov/Publications/Report/4135

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - The state funds the guarantee through state General  Fund and local property tax revenue. “Maintenance Factor ” Accelerates Growth in the Guarantee. In addition to the three main tests, the Constitution requires the state to track an obligation known as maintenance factor.
https://lao.ca.gov/Publications/Report/4940

The 2025-26 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2025 - Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report. They are available using the HTML link above. On January 10, 2025, Governor Newsom’s administration presented its proposed state budget to the California Legislature.
https://lao.ca.gov/Publications/Detail/4951