LAO Publications

Report The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal Format: HTML 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=16&year=0&productid=7&categoryid=0

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - Establishing Baseline Expenditure Estimates: a Key Step in Fiscal Planning When developing our fall fiscal outlook for the state, we begin by estimating the expenditure baseline. This reflects the projected cost of maintaining current state government programs and services under existing laws and policies, before considering the fiscal effects of any new policy decisions.
https://lao.ca.gov/Publications/Report/4938

LAO Publications

Format: The State's Retirement Systems: Fiscal Issues for 1993-94 March 1, 1993 - In the November 1992 election, the voters approved Proposition 162—the California Pension Protection Act of 1992. This act may fundamentally alter relationships between retirement boards and the executive and legislative branches of these levels of government.
https://lao.ca.gov/publications?page=213&year=0&publicationType=0

LAO Publications

Format: The State's Retirement Systems: Fiscal Issues for 1993-94 March 1, 1993 - In the November 1992 election, the voters approved Proposition 162—the California Pension Protection Act of 1992. This act may fundamentally alter relationships between retirement boards and the executive and legislative branches of these levels of government.
https://lao.ca.gov/Publications?page=213&year=0&publicationType=0

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - The state ’s economy has been in an extended slowdown for over two years. The labor market has struggled , marked by a growing number of unemployed workers and slowed hiring. The state has added no jobs so far in 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - The state ’s economy has been in an extended slowdown for over two years. The labor market has struggled , marked by a growing number of unemployed workers and slowed hiring. The state has added no jobs so far in 2025.
https://lao.ca.gov/LAOEconTax/article/Detail/777

^[PDF] Overview of 2020-21 May Revision State Administration Proposals

Employee Compensation Left align medium figures and tables here Large figure margin Large figure margin L E G I S L AT I V E A N A LY S T ’ S O F F I C E 8 Pensions January Proposal „ A number of supplemental pension payments—totaling more than $5 billion—to CalPERs and California State Teachers’ Retirment System (CalSTRS) were authorized as part
https://lao.ca.gov/handouts/state_admin/2020/May-Revise-Overview-052120.pdf

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

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

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/Report/4951/1

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

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/Report/4951/2