Update on the Progress of the CalSTRS Funding Plan [Publication Details]

Nov 18, 2021 - This post provides an update on the progress of the California State Teachers’ Retirement System (CalSTRS) funding plan.
https://lao.ca.gov/Publications/Detail/4475

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - Additionally, retirements ’ impact on payroll growth may not be immediately offset by new teacher hiring, as schools face uncertainty around how best to address the ongoing impacts of the pandemic on in-person learning, as well as projected enrollment declines.
https://lao.ca.gov/Publications/Report/4475

The rights of individuals to make “fully free and informed” health decisions. [Ballot]

Nov 18, 2021 - For example, state law requires children to meet various legal requirements for immunization against certain preventable diseases to attend school or child care faciliti es. State and Local Health Care and Other Programs.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-025

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - Similarly, home prices have grown more than 25 percent since the start of the pandemic. These asset price gains likely have led to considerable increases in capital gains income. Along with this surge in assets prices has com e a significant uptick in initial public offerings of California companies.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Consequently, actuaries now project that the state ’s contribution rate could phase down over the next few fiscal years, reaching around 2 percent beginning in 2024 ‑25. If this occurs, the state ’s required contribution rate would be around 8 percentage points lower relative to our forecast by 2024 ‑25, meaning the state would owe several billions of dollars less to CalSTRS over the forecast period.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - These funds have various spending deadlines, but the majority must be spent by September 2024. As of September 2021, California schools reported spending less than 15  percent of available federal funds.
https://lao.ca.gov/Publications/Report/4473

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details] The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges Format: HTML Description: Each year, the state calculates a “minimum guarantee” for school and community college funding based upon a set of formulas established by Proposition 98 (1988).
https://lao.ca.gov/Publications/Detail/4473

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - However, legislative reauthorization of a similar MCO tax for a three ‑year period beginning in January 2023 could result in around $2 billion in annual General Fund savings relative to our projections in 2023 ‑24 and 2024 ‑25 and $1 billion in General Fund savings in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4474

Initiative process. [Ballot]

Nov 17, 2021 - Beginning in 2024-25, the measure would require that the appropriation level be adjusted annually to reflect any increase or decrease in the California Consumer Price Index. The measure does not specify whether this appropriation would be considered part of legislative appropriations —and therefore subject to the constitutional limit —or not.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-024