The 2024-25 Budget: Crafting Climate, Resources, and Environmental Budget Solutions

Feb 14, 2024 - State Faces a Multiyear, Multibillion‑Dollar Budget Problem. Due to a deteriorating revenue picture relative to expectations from June 2023, both our office and the administration anticipate that the state faces a significant multiyear budget problem.
https://lao.ca.gov/Publications/Report/4841

LAO Publications

This represents a key and unique opportunity for the state. The Governor offers one strategy to prioritize these funds over the next few years. Notably, the Governor focuses on the state’s share of the unfunded liability for teachers’ pensions.
https://lao.ca.gov/Publications?page=6&year=0&productid=7&categoryid=0

LAO Publications

This represents a key and unique opportunity for the state. The Governor offers one strategy to prioritize these funds over the next few years. Notably, the Governor focuses on the state’s share of the unfunded liability for teachers’ pensions.
https://lao.ca.gov/publications?page=6&year=0&productid=7&categoryid=0

The 2024-25 Budget: Department of Developmental Services

Feb 13, 2024 - Assessment Proposal Would Help Address the State Budget Problem … The $612.5  million decrease in General Fund spending for rate reform implementation would help the state address its budget deficit in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4837

^[PDF] Highlights of the 2005-06 Perspectives & Issues

(Contact: Brad Williams, 319-8306) 5L E G I S L A T I V E A N A L Y S T ’ S O F F I C E A N L A O R E P O R T Addressing Public Pension Benefits and Cost Concerns California “defined benefit” pensions in the public sector raise certain ben- efits and cost issues.
https://lao.ca.gov/analysis_2005/2005_pandi/highlights/pandi_highlights_022205.pdf

The 2014-15 Budget: Overview of the May Revision - The 2014-15 Budget: Overview of the May Revision - Press Conference Question and Answer [Video]

The package continues to build reserves and pay down debts, including a new proposal to fund the teachers ' pension system over about 30 years. Our May revenue forecast projects $2.5 billion higher revenues compared with that of the administration —not substantially different given the size of the state budget.
https://lao.ca.gov/Videos/Player?playlistId=56&videoId=77

The 2014-15 Budget: Overview of the May Revision - The 2014-15 Budget: Overview of the May Revision - Press Conference [Video]

The package continues to build reserves and pay down debts, including a new proposal to fund the teachers ' pension system over about 30 years. Our May revenue forecast projects $2.5 billion higher revenues compared with that of the administration —not substantially different given the size of the state budget.
https://lao.ca.gov/Videos/Player?playlistId=56

Multiyear forecast of state finances under Governor's May Revision proposals

May 21, 2014 - Compared to our November 2013 forecast, our office 's new  May forecast includes substantial additional payments to reflect the Governor 's proposals to retire debt through (1) the supplemental debt payment requirements of ACAX2 1 beginning in 2015-16, (2) his proposals to retire additional obligations and pay off t he state 's "wall of debt " obligations by the end of 2017-18,
https://lao.ca.gov/Recommendations/Details/813

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

California's Fiscal Outlook: The 2010-11 Budget

Public Employee Retirement Costs Our forecast reflects an increase in the state’s annual payments to four major public employee retirement programs: pension programs for state and CSU employees, the teachers’ pension program, state and CSU retiree health benefit programs, and pension programs for judges.
https://lao.ca.gov/2009/bud/fiscal_outlook/fiscal_outlook_111809.aspx