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

Early Education Annual Funding Rates by Rate System, Setting, and Age [EdBudget]

Dec 20, 2023 - Note: All rates reflect full-time, full-year care, with the exception of Transitional Kindergarten and State Preschool—part day, which operate at least 3 hours per day for 180 and 175 days per year respectively.
https://lao.ca.gov/Education/EdBudget/Details/804

Faculty Recruitment and Retention at the University of California

The university ’s budget plan also assumes increases in state funding to cover these faculty salary increases and various other university priorities. In particular, UC ’s budget plan assumes additional spending to increase student enrollment and reduce student –to –faculty ratios (both of which require additional faculty), as well as to cover the increased costs of its pension benefits (which support faculty and other employees).
https://lao.ca.gov/reports/2012/edu/uc-faculty/uc-faculty-121312.aspx

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

LAO 2003-04 Budget Analysis: General Government, Contributions to the Judges' Retirement System (0390)

This amount allows for a reserve of $20  million, or approximately two months' worth of pension payments. While PERS aims for this fund balance level, the reserve was just $5.0  million for 2001-02 and an estimated $8.9  million in the current year.
https://lao.ca.gov/analysis_2003/general_govt/gen_9_0390_anl03.htm

The 2024-25 Budget: Medi-Cal Fiscal Outlook

Dec 7, 2023 - More than half of Medi-Cal ’s budget is supported by federal funds, with the remainder supported by state General Fund as well as other state and local government sources. The General Fund portion of Medi-Cal comprises a sizable share of overall state General Fund spending, ranging between 13  percent and 17  percent in most of the last ten years.
https://lao.ca.gov/Publications/Report/4820

LAO Publications

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/publications?page=48&year=0&publicationType=0

LAO Publications

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/Publications?page=48&year=0&publicationType=0

^[PDF] California’s Fiscal Outlook: Proposition 98 Briefing

.  State would exhaust $1.3 billion reserve assumed in 2010-11 budget package. Update on 2010-11 State Budget 2L E G I S L A T I V E A N A L Y S T ’ S O F F I C E November 10, 2010  We project $19 billion shortfall in 2011-12.
https://lao.ca.gov/handouts/education/2010/Californias%20Fiscal%20Outlook%20Proposition%2098%20Briefing_111010.pdf

LAO Publications

Format: The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal May 16, 2017 - As part of his May Revision, the Governor proposes the state borrow $6 billion from the Pooled Money Investment Account (PMIA) to make a one-time payment to reduce state pension li abilities at CalPERS.
https://lao.ca.gov/publications?page=14&year=0&publicationType=0