The 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - For UC, however, we back out one –time Proposition  2 payments for outstanding pension liabilities. For CSU, we exclude cost increases for retiree health and most pension contributions, as we forecast these as part of overall state employee costs.
https://lao.ca.gov/Publications/Report/3507

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - We recommend the Legislature begin to consider how the state might address the budget ’s ongoing problem. For example, using some of the windfall to make supplemental pension payments would reduce the multiyear structural deficit.
https://lao.ca.gov/Publications/Report/4309

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Each year, the state pays many billions of dollars towards debts and liabilities. (Under the Governor ’s May Revision, for example, the state would make $3.4  billion in constitutionally required debt payments under Proposition  2, as well as other routine debt payments made by the state, such as annual actuarially required contributions to the
https://lao.ca.gov/Publications/Report/4598

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Other benefit costs—such as for pensions, retiree health, and employee health benefits—also tend to increase with inflation. For example, state costs for retiree health are driven by the number of retirees receiving the benefit and the cost of health premiums.
https://lao.ca.gov/Publications/Report/4647

The 2022-23 Budget: State Appropriations Limit Implications [Publication Details]

Mar 30, 2022 - The 2022-23 Budget: State Appropriations Limit Implications [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4583

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - If Revenue Growth Falls Below Median, State Likely to Have a Budget Problem. Because the state usually plans to spend all or nearly all of its forecasted revenues, the state typically faces a budget problem if revenues grow slower than expected.
https://lao.ca.gov/Publications/Report/4583

Tempered Expectations

Dec 9, 2019 - Worthy considerations for the other $4  billion include increasing discretionary reserves or other one-time expenditures, such as supplemental pension payments. Lawmakers could preserve fiscal flexibility by scheduling any such one-time payments to occur late in the fiscal year, contingent on the state ’s budget condition at that time.
https://lao.ca.gov/Publications/Report/4122

The State Appropriations Limit [Publication Details]

Apr 21, 2021 - The State Appropriations Limit [Publication Details] HTML Description: This report: (1) describes how appropriations limits work for the state, school districts, and local governments in California; (2) explains why the limit is a constraint for state government; and (3) concludes with a variety of short- and long-term policy options—both of which we think the Legislature will need to take—in response to the issue.
https://lao.ca.gov/Publications/Detail/4416

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The state ’s costs to pay for pension and retiree health benefits continue to grow. The budget assumes that the state ’s costs to pay for active and retired state employees ’ pension benefits will increase by $340. 5  m illion ($ 189  m illion General Fund) in 2018 ‑ 19 t o a total contribution of $6. 2  b illion ($3. 6  b illion from the General Fund).
https://lao.ca.gov/Publications/Report/3870/12

The 2022-23 Budget: Overview of the Spending Plan [Publication Details]

Oct 12, 2022 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. This publication provides an overview of the 2022-23 Budget Act, gives a brief description of how the budget process unfolded, and then highlights major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/4616